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OP THE
Commercial & Financial Chronicle.
[Entered according to act of Congress, In the year 1882, by Wm. B. Dana.
4 Co., In the office of the Librarian of
Congress, Washington, D. C.]
”
;
NEW
INVESTORS’
YORK, DECEMBER
SUPPLEMENT
when
29,
capital will
1882.
go
into railroads
induce the construction of
some
OF THE
so
freely
10,500 miles in
a
as to
single
year.
(j^mmruroal
The Supplement contains
There have been very
^financial (£fjronixIt.
a
complete exhibit of the Funded Debt of
States and Cities, and of the Stocks and Bonds of Railroads and other
Companies.
It is published
the last
Saturday of every other
month—viz., February, April, June, August, October and December.
It is furnished
the Chkonicle.
on
without extra charge to all
Single copies
WILLIAM
are
B.
regular subscribers of
structed
have
mile and
&
CO.,
been
built at
charge, being usually bonded
sold at $2 per copy.
BAN A
few defaults on railroad bonds,
notwithstanding the large number of new enterprises in
progress, and when the period of active railroad building
which preceded the crisis of 1873 is
compared with the
present time, it is easily seen that there is no close analogy
between them.
The great difference is noticed
mainly in
two important
particulars—first, that the roads now con¬
Publisher*,
79 <6 81 William Street.
annum
at
than
a
rate
a
much
at
a
smaller
smaller
interest
amount
per
of interest
the bonds of
1£@2 per cent less per
1870-1873; secondly, that a
mileage constructed has been
very large part of the new
for the account of old and
strong
corporations which have
INVESTMENTS IN DECEMBER.
above their in¬
companies may
The demand for stocks and bonds on investment account
lose something of their profits for a few
years in oper¬
was small in
the early part of the month, but afterward
ating the new lines of road, and might even be obliged to
improved quite perceptibly, and prices generally became suspend dividends on their stocks for a while, but defaults
earned for years a
large annual surplus
terest and dividend
charges. These old
firmer.
There
on
was
the
usual
inquiry for
government bonds
their
bilities.
bonds
without the limit of future
proba¬
Thus out of all the new road constructed this
are
year, how large a proportion has been built for the Chicago
corporations, to make their annual state¬
& Northwestern, Chicago Milwaukee & St.
Paul, Chicago
ments appear well at the close of the
year, or for other
Burlington & Quincy, the Union Pacific, Southern Pacific
reasons; and quite a point was made of the circumstance
(backed by Central Pacific), the Chesapeake & Ohio and
that the drift of affairs in
its connections of the
Congress indicated a re¬
Huntington system, the Gould
roads of the Southwest, the • Louisville &
duction of duties and internal revenue
Nashville, and
taxes, which
other large corporations
would necessarily reduce the
having an established traffic of
surplus revenue available for
some years
standing. All these companies have such a
the redemption of bonds.
This better prospect that
position and are supported by such heavy amounts of
government bonds would have a longer period to run
capital that they can carry for some years those new lines
before redemption, was one of the reasons
alleged for the which do not immediately yield a profit.
increased demand for them which
For practical suggestions in
sprang up in different
making investments it i3
directions.
hardly possible for the Supplement to do anything more
Railroad bonds met with a small business in November than refer to the
extended information given in its tables
and early in December, but later in the month there was
and remarks, and, still further, to the detailed
reports and
more
buying in anticipation of the January disburse¬ items of information published from week to week in the
ments, which throw a large amount of money into the columns of the
Chronicle, and fully indexed in the Sup¬
hands of investors, and
prices advanced slightly for many plement.
of the popular issues sold at the Stock
The question of safety on bonds and stocks must turn
Exchange. Rail¬
road bonds must continue to furnish the main
supply to mainly on income, either from earnings or by the fixed
meet the
large and growing demand for investment secur¬ guarantee of a responsible corporation, and hence the
ities in this
country and in Europe, and so far as the record of a railroad, its legal status, and its reasonable
quantity is concerned, the year 1882 has done more in prospects are the main things
to be considered in pur¬
giving an immense railroad mileage as a basis for new chasing its stocks or bonds for investment.
Judged by
bonds and shares than
any prior year in the history of these standards, there are some 6 per cent bonds now sell¬
the country. It is
highly probable, too, that the year 1882 ing in New York and other cities that offer very fair
will remain forever as the maximum
year in railroad chances for purchase at or below par, although it goes
building in the United States, for, although there will be without saying, that since a prime: first-class long bond at 6
much done hereafter in
piecing out various systems by per cent is worth from 110 to 120, there must in every
the construction of branches or
connecting links, it is dif¬ case be some reason why the otherpVonds referred to sell
from financial
ficult to conceive that there will
ever
again be
a
time
at
prices
so
much lower*
--
^Pz:^y
^ y
gV VS3
INVESTORS'
11
SUPPLEMENT.
[Vol. xxxv.
SEVEN YEARS. of this character—we rflfer to
RAILROAD DIVIDENDS FOR
dividends being such an im¬
portant one at the present time, we bring forward in this
issue of the Supplement the table published by us a year
ago, with the figures for the year 1882 added, thus ex¬
Flint & Pere
..The question of railroad
some
Michigan.
There IMhe'
Marquette recognized under foreclosure ^Ie
This company paid 2^ per ce nt on
few years ago.
its
preferred stock in 188L increased the percentage to $
1882, and now announces a semi-annual dividend of
tending the comparison over a period of seven years. 3J per cent for the ensuing January. The Marquette
Some of the features disclosed by this table we alluded to Houghton & Ontonagon (in the Northern peninsula of
Michi¬
in the Chronicle a week ago, particularly the excellent gan) paid 8 per cent on its preferred stock in
1882, against
showing made by the roads in the West, Northwest and nothing formerly, and is said to be earning liberal
The Detroit
Southwest, as reflected in the exhibits of the leading dividends on its common stock.
Lansing &
Northern is paying 7 per cent regularly on its
lines, but there are one or two other points that will bear
preferred
mention.
One of these is the fact that the prosperity of a stock, while the Chicago & West
Michigan has paid a.
company leasing other lines not infrequently carries unu¬ small dividend fox two years pash r
r
sual prosperity to the lessor companies.
There are some prominent roads that have
Where a line is
recently de¬
operated for a fixed sum per annum the lessor company, of clared dividends for the first, time, but which do not
course, has no share in any increased profits contributed appear in our table, because the dividends are not
payable
by the leased line, any more than it is expected to suffer in till 1883, while the comparison is made up on the
case
of a diminution of the business of such line; but basis of the amount actually paid in each
year. Chief
there are many roads that are operated for a certain per¬ among these are the Northern Pacific, which
pays 11 mo
centage of the gross earnings, and in such cases any in- per cent in certificates in January, and the Oregon &
crease in business is
quickly felt by the lessor. Where Trans Continental, which in the same month is to begin
the stock is small, even a moderate increase in earnings, quarterly payments of 1£ per cent.1]
if continued for a year or two, soon yields a fair per¬
Quite a good many roads increased their dividends, or
centage upon the amount outstanding, and where the in¬ will increase them in the coming year, according to an¬
crease proceeds
at such a rapid rate as has been the case nouncements already made. The Lehigh Valley’s latest
with many Western roads since the resumption of specie dividend was 2 per cent, having been increased from
1£
payments, the stockholders realize large profits.
per cent, so that it is now on the basis of 8 per cent a
In illustration we may mention a road in the
Chicago year. The dividend on the Chicago & Northwest pre¬
& Alton system, namely the St. Louis Jacksonville & ferred was also raised to 8
per cent per annum during the
Chicago. This road is operated by the Chicago & Alton year, and on the common stock to 7 per cent. The Old
at 40 per cent of gross earnings up to $700,000, with a
Colony raised its semi-annual dividend from 3 to 3J per
reduction in the percentage on amounts above this of one cent, the Iowa Falls & Sioux
City its quarterly from
per cent for every $100,000, till $1,500,000 is reached, on 1£ to If, and the Missouri Pacific the same.
With4
amounts above which sum the lessor
company is to be January the Boston & Lowell raises its semi-annual divi¬
entitled to only 30 per cent.
Now this lease i3 proving dend of 2 per cent to 2£ per cent, or 5 per cent
very profitable to the St. Louis Jacksonville & Chicago a year, and the Northern Central (Pennsylvania and
stockholders.
An examination of our table shows that
Maryland) increases from 3 to 4 per cent, or at the
while the common stockholders received
rate
of 8 per cent a year.
nothing during
In the table below,
either 187G, 1877, 1878 or 1879, in 1880
it should be clearly understood that it is intended
they received two
percent, which was quickly increased to 10£ per cent in to give only steam roads (not horse), and only such as are
1881, and has now reached 11 per cent in 1882. On the dealt in at the Exchanges in • New York, Boston, Phila¬
preferred stock the gain is a little less marked.
delphia and Baltimore, and that dividends actually paid
There are many minor roads, too, operated on their own form the basis of a
year’s totals, those declared in
account, that have of late years made great strides one year and paid in another appearing in the latter
forward.
One State in particular is conspicuous for roads year.
in
.
_
.
_
•
"
«
DIVIDENDS
Name of
NEW
ON
Company.
STOCKS—NEW YORK,
Dividend Periods.
187G.
1877.
BOSTON, PHILADELPHIA AND BALTIMORE.
1878.
1879.
1880.
1881.
1882.
YORK.
Albany * Susquehanna (leased)
Belleville & So. III. (leased),pref.
Boston & N. Y. Air Line, pref..
Canada Southern
Central of New Jersey
Central Pacific
and
July,
Oct.
and
7
65
68
100
100
62
100
7
4*3
5*3
2
Aug.
2*2 (a)
quarterly—Jau.
Feb.
and
7 '
4*3
0
Feb.
Aug.
6
G
G
and
and
Sept.
Sept.
0*2
8
8
8
Dec.
7
7%
7
7
G
7
7
7
9*4 (c)
8
8*2 (d)
7
Mar.
Mar.
Do
pref
Chicago & Eastern Illinois
Chicago & Northwestern
do
Jan.
April and
June and
Chicago & Alton
Do
RAILROAD
pref...
Chicago Milwaukee & St. Paul.
Do
do
pref.
Chicago Burlington & Quincy..
Quarterly—Mar.
April and Oct.
April and
Oct.
7
G
2*2
7
3*a
8
3
7
3*2
Quarterly—M ar.
10
Quarterly—Feb.
(6)
8
•
Chic. Rock Island & Pac
Chic. 8t. P. Minn. * Om., pref..
Cincinnati Hamilton a Dayton.
Cincinnati N. O. * Texas Pac
Cinn. Indianap. St. Louis * Chic.
Cleve. * Pittgb., guar, (leased).
Cleve. Col. Cin. & Indianapolis.
quarterly—Mar.
Feb. and
2*2
Danbury Ac Norwaik
Quarterly—Mar.
3'h
G
7
7
Aug.
Quarterly—Jan.
7
7
8
7
7
6
’
7
5*2
1*2
..
Quarterly— Jan.
Columbia Ac Greenville, pref...
-
5 (a)
G
5
4*3
6
5
7
1*2
6*4
8
Delaware & Hudson Canal
Delaware Lack. Ac Western
Denver Ac Rio Grande
Quarterly—Jan.
Dubuque Ac Sioux City (leaped).
April and
Oct.
0*3
413
5*2
April and
Oct.
Suarterly—Mar.
ay and Nov.
G
7
5
3
7
5
Quarterly—Jun.
€*3
Feb.
and
9*3(0
3
7
7
Jan.
and July.
8 & 2
8 & 2
8 & 3
8 & 3
8*3
Jan.
4
Tuiv.
8 * r>
8 A 2
R Ar 3
8*3
8*3
8*2
8*2
Quarterly—Mar.
East Tenn. Vlrgiuia Ac Ga. (old)
Erie Ac Pittsburg (leased)
Evansville Ac Terre Haute
Georgia (leased)
Hannibal A St. Joseph, pref—
Harlem (l’sed) incl.4th Av.RR.Cotnmon
Preferred
—■—
■
„
-
——
—
rid
8 Ac 3
8*3
7
6
10*4
■-
(a) From full year’s earnings for 1880.
it) Quarterly dividends
Aug.
1*2
G
(6) And 14 per cent in bonds,
were begun with October. 1881.
(c) And 20 per cent in stock.
(d) And 100 per cent in stock.
INVESTORS'
1882.]
Decembeb,
SUPPLEMENT.
DIVIDENDS ON RAILROAD STOCKS—NEW YORK, BOSTON, PHILADELPHIA AND BALTIMORE—Concluded.
Name
Dividend Periods.
of Company.
Mar.
and
1876.
1877.
1878.
1879.
1880.
1881.
1882.
Sept.
Quarterly—Jan.
Keokuk & Des M., pref-. (leased)
LakeSUore & Midi. Southern..
Quarterly— Feb.
Kuf8vme & Nashviile
Feb.
Metropolitan Elevated (leased)
Michigan Central
—
Quarterly— Jon.
Quarterly—Feb.
Quarterly—Jan.
Missouri Pacific (new stock) - - - Morris & Essex (leased).........
Nashv. Chattanooga & St. Louis
NeVLondon Northern (leased).
New
N Y
Hudson
York Central it
3 *2
and
and
July.
Quarterly-
Feb.
Quarter] y- -Mar.
-
10
105g
Quartciiy- -Feb.
Feb.
Jan.
P?ttsb?Ft.W.& Cliic.,guar.(Used)
do
Rensselaer & Saratoga
(d)‘
July.
April and Oct.
Quarterly— J an.
Jan.
Norfolk & Western, pref.
Richmond & Danville.
8
Quarterl y— Jan.
Oregon Railway <fc Nav. Co.
Oswego & Syracuse (leased)....
special
Jan.
Aug.
Quarterly— Jan.
...
City Elevated (leased)....
N y! Lake Erie & West., pref..
N Y New Haven & Hartford..
n' y! Prov. & Best. (Stonington)
do
314
wi
and
and
Aug.
and
July.
Quarterly-
.
-Jan.
-Jan.
(leased).
July.
-
& T. H.(leased), pref
St* L. Jack.&Chic, (leased), com.
Feb.
St L. Alton
do
Bo
May and
April and
St Louis & San Fran., 1st pref.
St. Paul & Duluth, pref........
Fob.
Feb.
Union Pacitic
Cleve.,
Jan.
and
May
July.
Nov.
May
and
and
Jan.
and
July.
April and
May and
Oct.
Nov.
Nov.
Quarterly— Feb.
Feb.
and
and
Aug.
July.
and July.
Jan.
Jan.
..
10
com
pref
May
May
and Nov.
and Nov.
Jan. and July,
Feb. and Aug.
Feb. and Aug.
Fel). and Aug.
June and Dec.
r—Mar.
and July.
(leased)
Fitchburg
....
Flint & Pere Marquette, pref t...
Iowa Falls & Sioux City (leased)
Towa Railroad Land Co
Kans. City Ft. Scott & Gulf
Do
do
pref.
Little Rock & Fort Smith
Lowell & Andover (leased)
j]
Quart erly—Mar.
Quarterly— Feb.
Feb.
and
Jan.
Maine Central
Manchester & Lawrence
and
Aug.
and
Nov.
Feb.
Feb.
Houghton & Ont., pref..
8*3
10 stock.
7
July.
May
Middlesex Central
Nashua & Lowell (leased)
Nashua & Rochester (leased).
Northern (N. H.)
Norwich & Worcester (leased)..
-Ogdensburg & Lake Champlain
Old
Oct.
Quarterly— Feb.
Quarterly— Jan.
Concord
Connecticut River
Connecticut & Passumpsic
Detroit Lansing & Northern....
Do
do
pref
Eastern, N. H. (leased)
Mara.
Aug.
Aug.
April and
BOSTON.
Atchison Topeka & Santa Fe..
Boston & Albany
Boston & Lowell
Boston & Maine
Boston & Providence
Boston Revere Beach & Lynn..
Boat. Cl. F. & N.B.(leased), com.
Do
do
pref.
Boston Concord & Mont., pref..
Cedar Rapids & Mo. (leased)
Do
do
pref
Eel River
and
and
Quarterly- -Feb.
(leased)
Cheshire, pref
Chicago Iowa & Neb. (leased)
Chicago & West Michigan
4Lj
Quarterly- -Jan.
Wabash St. Louis & Pac., pref..
Cin. Sand. &
Do
Aug.
and
Quarterly- -Mar.
St Paul Minneap. & Manitoba.
Terre Haute & Indianapolis—
Warren
Nov.
Oct.
Feb.
pref.
and
and
Aug.
10
10
10
To"
3L3 scrip.
3^ scrip.
3*a scrip.
Aug.
May and Nov.
April and Oct.
June and Dec.
Jan. and July.
Jan. and July.
Colony
Jan.
Pittsfield & No. Adams (leased)Portl’nd Saco & Portsm. (leased)
Providence & Worcester
Rutland (leased), pref
Vermont & Massachus’ts (l’sed)
Worcester & Nashua
Jan.
Jan.
Jan.
and
and
and
and
July.
July.
July.
July.
April and
Jan.
Oct.
and
5%
July.
PHILADELPHIA,
Camden & Atlantic
Do
do
Catawissa (leased)
Do
pref
*
Do
„
new
pref
3%
May
May
pref
Delaware & Bound Br’k (leased)
East Pennsylvania (leased)
Elmira, & Williamsport (leased/.
Do
do
pref
and
and
Nov.
Nov.
Quartcrly- -Fob.
Jan.
and
May
Nov.
and July.
Jan.
„
Harrisb.Portsm.Mt. J.&L.(l’sed)
Jan.
Lehigh Valley
July.
and
and
July.
Quarterly- -Jan.
Little Schuylldll (leased)
Minelilll & Schuyl. Hav.
(leas’d)
Jan.
Jan.
Northern Central
Mar.
and
Jan.
and
Nesquelioning
Valiev (leased)..
North
Pennsylvania (leased)!!!
Pennsylvania Railroad
•
^rmant. & Nor.
Mi
and
and
July.
July.
Sept.
Quarterly- Feb.
May and Nov.
(leased)
10
July.
-
Quarterly- -Mar.
SH!a?e!pll!a & Reading
^I^delplna & Trenton (leas’d)
Quarterly- Jan.
tt
3 & 3 stock
3*2
12
4 stock.
2
12
3 & 2 stock.
4^3
12
Jan.
jla- Wilmington & Baltimore
United Cos. of N. J.
(leased)....
West
Jersey
...
Atian.
.
r^„P0,i Ohio Wash.
^o.
ventral
com
Wil.
pref
Branch.
Columbia <fe Augusta
wilmmgton & Weldon
.
s
-
10
3 & 3
Baltimore.
&
do.
10
and July.
Quarterly- Jan.
..
Char. Air Line
Baltimore & Ohio—Main (leased)
Stem
Do.
do.
1st pref. stock.
Do.
-
Quarterly- -Jan.
^ And 100
1
Mar. and Sept,
May and Nov.
Jan. and July,
May and Nov.
Jan. and July,
Jan. and July,
Jan. and July,
Jan.
and
8 stook
6
30(r)
4 stock & 4
6
10
6
scrip.
6
4
3^
July.
per cent in stock.
(/) Dividend periods changed from semi-annual to
quarterly with May, 1881.
(g) And 10 per oent in scrip.
paid in bonds.
(in) 10 per cent In stock of Col. Springf. & Cinu.
Quarterly dividends with Nov. 1. 1882. (q) Two per cent of this is in scrip, redeemable in cash or convertible Into stock.
V') -5 per cent of this was
on account of live
previous dividends withheld during the pendency of certain
(h) 55
per cent accumulated dividends
«?rfSan pa^iD&
litigation affecting road.
INVESTOKS' SUPPLEMENT.
1Y
INDEX
For reference to the former
name
TO
NAMES
of any company
Selma Rome A Dalton.
Alabama A Tennessee River
American Dock A Improvem’t Co.. .Central of New Jersey.
Maine Central.
Androscoggin A Kennebec
Denver & Rio Grande.
Chicago Burlington & luinc;
Union Pacific, Central Jranc£
New York Pennsylvania A Ohio.
Arkansas valley
Atchison & Nebraska
Atchison & Pike’s Peak
Atlantic & Great Western
Atlantic & Gulf
Atlantic Mississippi & Ohio
Atlantic A Pacific
Baltimore Short-Line
Savannah Florida A Western.
Norfolk A Western.
St. Louis A San Francisco.
Marietta A Cincinnati. *
Flint & Pere Marquette.
Bay City A Saginaw
BeUefontaine A Indiana
Beloit A Madison
Berks County
Boston Hartford & Erie
Buffalo & Erie
Ohio Railroad.
Chicago & Northwest.
Philadelphia & Reading.
New York & New England.
Lake Shore A Michigan Southern.
Chicago Burlington & Quincy.
Burlington A Missouri
Missouri Pacific.
Missouri Pacific.
Cairo Arkansas & Texas
Cairo & Fulton
California A Oregon
Camden & Amboy
Central Pacific.
United Companies of New Jersey.
West Jersey.
Cape May & Millville
Central Branch Union Pacific
Central of Long Island
Central Vermont
Cham. Havaua A West
Charleston & Savannah
Central Branch Uuion Pacific.
Flushing North Shore & Central.
Vermont Central.
Wab. St. Louis & Pacific.
Savannah & Charleston.
Chicago Cincinnati & Louisville
Chicago Clinton Dubuqe A Minn
Wabash St. Louis & Pacific.
Chicago & Great Eastern
Columbus Chic. A Indiana Central.
Chicago
Chicago
Chicago
Chicago
&
&
&
&
C. M. & St. Paul.
Illinois River
Michigan Lake Shore
Milwaukee
Springfield
Chicago & Alton.
Chicago & West Michigan.
Chicago A Northwest.
Illinois Central.
Chicago & Southwestern
Chicago Rock Island & Pacific.
Chic. St. Paul & Minn
Chic. St. Paul Minn. & Omaha.
Cincinnati & Baltimore
Marietta A Cincinnati.
Cincinnati & Chicago Air-Line
Columbus Chic. & Indiana Central.
Cincinnati A Indiana
..Cin. Indianapolis St. Louis & Chic.
Ciucliiuaii LtUjyctiC A ( lUcago. ....Ciu. Iniiii.iiiupo.iis St. Louis A Chic.
Clayton A Theresa
Utica A Black River.
Cleveland Mt. Vernon A Delaware..Cleveland Akron A Columbus.
Cleveland Painesville A Ashtabula. .Lake Shore A Michigan Southern.
Cleveland A Toledo
Lake Shore A Michigan Southern.
Columbus A Indiana Central
Columbus Chic. A Indiana Central.
Columbus A Indianapolis Central...Collunbus Chic. A Indiana Central
Columbus A Toledo
Col. Hocking Valley A Toledo.
Connecticut Western
Hartford A Connecticut Western.
Covington A Lexington
..Kentucky Central.
Sioux City A Dakota.
Chicago A East. Illinois.
Chicago Milwaukee A St. Paul.
Dakota Southern
Danville A Vincennes
Davenport A Northwest
Decatur A East St. Louis
Delano Land Co
Denver Pacific
Detroit A Bay City
Detroit A Eel River
Detroit A Milwaukee
Detroit Monroe A Toledo
Detroit A Pontiac
Dixon Peoria A Hannibal
.
.Wabash St. Louis A Pacific.
Lehigh Valley.
...Union Pacific.
Michigan Central.
Eel River.
Detroit Grand Haven A Milwaukee
Lake Shore A Michigan Southern.
Detroit Grand Haven A Milwaukee
Chicago Burlington A Quincy.
Dubuque Southwestern
Easton A Amboy
Chicago Milwaukee A St. Paul.
Lehigh Valley.
East Tenn. Virginia A Georgia.
ia.
East Tenn. Virginia A Georg*"
East Tennessee A Georgia
East Tennessee A Virginia
Erie
New York Lake Erie A Wes irn.
Essex
Eastern (Mass.)
Evansville A Crawfordsville
Evansville A Terre Haute.
Evansville Henderson A Nashville..Louisville A Nashville.
Evansville A Terre Haute
Chicago A East. Illinois.
Flint A Holly
Flint A Pere Marquette.
Florence El Dorado AW
Atchison Topeka A Santa Fe.
Florida Central
Florida Central A Western.
UNDER-!
Massawippi
Memphis A Ohio
Connecticut A Passumpsic.
Louisville A Nashville.
Menominee River
Chicago A Northwest.
Manhattan Elevated.
Michigan Central.
Lake Shore A Michigan Southern
New York Susquehanna A Western
Chicago Milwaukee A St. Paul
Chicago Milwaukee A St. Paul
Chicago A Northwest.
Metropolitan Elevated
Michigan Ad-Line
Michigan So. A North’n Indiana
Midland of New Jersey
Milwaukee A Western
Minnesota Central
Minnesota" Valley
Missisquoi
Vermont A Canada.,
.Chicago St. Louis A New Orleans
Mississippi Central
Missouri River Fort Scott A Gulf
.Kansas City Fort Scott A Gulf.
Missouri River RR
Missouri Pacific.
Montclair
New York A Greenwood Lake.
Monticello A Port Jervis
Port Jervis A Monticello.
Nashua A Rochester
Worcester A Nashua.
Newark A New York
Central of New Jersey.
New Bedford Railroad
Boston Clinton Fitchburg A N. B
New Jersey Midland
New York Susquehanna A Western
NeAv Jersey RR. A Trausportat’n Co.United New Jersey RR. A Canal
Co’s
Atchison Topeka A Santa Fe.
New Mexico A So. Pacific ...:
New Orleans Jackson A G. N
Chicago St. Louis A New Orleans
New Orleans Mobile A Texas
New Orleans A Mobile.
New Orleans Pacific
Texas A'Pacific.
Manhaitan Elevated.
New York Elevaied
New York A Manhattan Beach
Manhattan Beach Co.
New York A Oswego Midland
New York Ontario A Southern.
New York A Rockaway
Long Island.
Newtown A Flushing
Long Island.
Niles A New Lisbon
Cleveland A Mahoning Valley.
Norfolk A Petersburg
Norfolk A Western.
N >:ili:Tn Civjis
..Chicago Burlington A Quincy.
North Missouri
Wabash St. Louis A Pacific.
North Wisconsin
Chic. St. Paul Minn. A Omaha.
Northwestern North Carolina
Richmond A Danville.
Northwestern Union
Chicago A Northwest.
Northwestern Virginia
'.. .Baltimore A Ohio.
Oakland A Ottawa River
Detroit Gr. Haven A Milwaukee
Ohio A West Virginia
Col. Hocking Valley A Toledo.
Oil Creek
Pittsburg Titusville A Buffalo.
Omaha A Southwestern
Burlington A Missouri in Nebraska
Ontario Southern
Lake Ontario Southern.
Orange A Alexandria
Washington City Va. Mid, A Qt. So.
Ottawa Oswego A Fox River
Chicago Burlington A Quincy.
Pacific of Missouri
*
Missouri Pacific.
Paducah A Elizabethtown
Chesapeake Ohio A Southwestern.
Pekin Lincoin A Decatur
Peoria Decatur A Evansville.
Peninsular (Mich.)
.Chicago A Northwest.
Peoria Pekin A Jacksonville
Wabash St. Louis A Paoiflc.
..
.
Pittsburg Titusville A Buffalo
Buffalo Pittsburg A Western.
Atchison Topeka A Santa Fe
Pomeroy A Newark.
Chicago A Lake Huron.
Port Royal A Augusta.
Pleasant Hill A De Soto
Pomeroy A State Line
Port Huron A Lake Michigan
Port Royal
Portland A Kennebec
Prairie du Chien
Pueblo A Arkansas Valley
.Maine Central.
Chicago Milwaukee A St. Paul.
Atchison Topeka A Santa Fe.
Chicago Burlington A Quincy.
Wabash St. Louis A Pacific.
Quincy Alton A St. Louis
Quincy Mo. A Pacific
Quincy A Palmyra
Hannibal A St. Joseph.
Quincy A Toledo
Quincy A Warsaw
Kepubliean Valley
Wabash St. Louis A Pacific.
Chicago Burlington A Quincy.
Burlington A Missouri in Nebraska:
.Chicago A Northwest.
St. Joseph A Western.
St. Joseph A Western.
Flint A Pere Marquette.
New Haven A Northampton.
Sandusky City A Indiana
Sandusky Dayton A Cincinnati
Lowell A Framingham.
Burlington.
Chicago A Northwest.
Chicago A West Michigan.
Michigan Central.
Wabash St. Louis A Pacific.
Green Bay Wiuona A St. Paul.
Hastings A Dakota
Holly Wayne A Monroe
Holyoke A Westfield
Houston A Great Northern
Hudson A River Falls
Illinois Grand Trunk
Illinois A Southern Iowa
Indiana A Illinois Central
Missouri Kansas A Texas.
Chic. St. Paul Minneap. A
Omaha.
Chicago Burlington A Quincy.
Wabash St. Louis A Pacific.
Indianapolis Decatur A Springfield
Indianapolis Bloom. A West. Exten.Champaign Havana A Western.
Cin. Indianapolis St. Louis A Chic.
Indianapolis A Cincinnati
Indianapolis Cin. A Lafayette
Cin. Indianapolis St. Louis A Chic.
Jeffersonville Madison A Ind.
Indianapolis A Madison
Missouri Kansas A Texas.
Detroit Lansing A Northern.
Burlington Cedar Rapids A North’n.
Chicago Milwaukee A St. Paul.
Chicago A Northwest.
Chicago Milwaukee A St. Paul.
Chicago Rock Island A Pacific.
Michigan Central.
Lake Shore A
..
Michigan Southern
Chicago A Alton.
Lake Shore A Michigan Southern
Lake Shore A
Michigan Southern.
Michigan Central.
Lake Shore A Micliigan Southern.
Hannibal A St. Joseph.
Kansas City A Cameron
Kansas City A Eastern
Missouri Pacific.
Kansas City St. Jos. A Council B
Chicago Burlington A Quincy.
e
Kansas City St. Louis A Chic
Chicago A Alton.
Kansas City Topeka A Western
Atchison Topeka A Santa Fe.
Kansas A Nebraska
St. Joseph A Western.
Kansas Pacific
Union Pacific.
Lackawanna A Bloomsburg
Delaware Lackawanna A Western.
Lafayette Bloomington A Mancie...Lake Erie A Western.
Lake Erie Wabash A St. Louis
Wabash St. Louis A Pacific.
Leavenworth Atchison A N’west
Missouri Pacific.
Leavenworth Lawrence A Galv
Kansas City Lawrence A Southern
Leeds A Farmington
Maine Central.
Lehigh A Wilkesoarre Coal Co...."..Central of New Jersey.
WILL NOW BE FOUND
Rochester A Northern Minnesota
St. Joseph A Denver City
St. Joseph A Pacific
St. Louis Iron Mount’n A Southern.Missouri Pacific.
St. Louis Jacksonville A Chicago
Chicago A Alton.
St. Louis Kansas A Arizona
Missouri Pacific.
St. Louis Kansas City A Northern.. .Wabash St. Louis A Pacific.
St. Louis A Lexington
Missouri Pacific.
St. Louis Rock Island AC
Chicago Burlington A Quincy.
St. Louis A Southeastern
Louisville A Nashville.
8t,. Paul A Chicago
Chicago Milwaukee A St. Paul.
St. Paul A Pacific
.St. Paul Minneapolis A Manitoba.
St. Paul A Sioux City
.Chic. St. Paul Minn. A Omaha.
St. Paul Stillwater AT. F
Chic. St. Paul Minn. A Omaha.
Toledo Delphos A
Green Bay A Minnesota
Greenville A Columbia
Hannibal A Central Missouri
Hannibal A Naples
Harlem A Portchester
Lexington A Southern
Long Dock Company
FORMER NAME.
Louisiana & Missouri
Ciiicago A Alton.
Louisiana Western
Texas A New Orleans.
Louisville Cincinnati A Lexington..Louisville A Nashville.
Louisville N. Albany *s St. Louis—Louisville Evansville A St Lonia
Lynchburg A Danville
Wash. City Va. Mid. A Gt. SouthAVtv
Maeon A Augusta
Georgia RR. A Banking Co
a
Macon A Western
Central Railroad A Bank Co Gr
Mariette Pittsburg A Cleve... .•.
Cleveland A Marietta.
’’
Columbia A Greenville.
Missouri Kansas A Texas.
Wabash St. Louis A Pacific.
New York New Haven A Hartford.
Chicago Milwaukee A St. Paul.
Framingham A Lowell
Frankfort A Kokomo
Galena A Chicago Union
Grand Rapids New A L. Shore
Grand River Valley
Great Western (Ill.)
International A Great Northern
Ionia A Lansing
Iowa City A Western
Iowa A Dakota
Iowa Midland
Iowa A Minnesota
Iowa South. A Missouri North
jrackson Lansing A Saginaw
Jamestown A Franklin
Joliet A Chicago
Kalamazoo Allegan A Gr. Rapids
Kalamazoo A Schoolcraft
Kalamazoo A South Haven
Kalamazoo A White Pigeon
RAILROADS.
OF
that has been consolidated or reorganized the following is prepared:
WILL NOW BE FOUND UNDER—
FORMER NAME.
[Vou XXXV,
Missouri Pacific.
New York Lake Erie A Western.
..
San Francisco Oakland A Alameda
Savannah Albany A Gulf
Schoolcraft A Three Rivers
Scioto A Hocking Valley
Sioux City & Dakota;
Sioux City A St. Paul
Smitlitown A Port Jefferson
South Pacific (Mo.)
South Side, (L. I.)
South Side (Va.)
Southern Georgia A Florida
Southern Minnesota
Spartanburg A Asheville
StansteadS. A Chambly
Steubenville A Indiana
Sunbury A Erie
Tebo A Neosho
Tennessee A Pacific
Toledo A Illinois
Toledo Logansport A Burlington
Toledo Peoria A Warsaw
Toledo A Wabash
Union
Union A Logansport
Union A Titusville
Utah Southern..;
..,
Cincinnati Sandusky A Cleveland.
Cincinnati Sandusky A Cleveland.
.Central Pacific.
Atlantic A Gulf.
Lake Shore A Michigan Southern.
Marietta A Cincinnati.
Chicago Milwaukee A St. Paul.
Chic. St. Paul Minn. A Ohama.
Long Island.
St. Louis A San Franoisco.
Brooklyn A Montauk.
Norfolk A Western.
Savannah Florida A Western.
Chicago Milwaukee A St. PauL
Asheville A Spartanburg.
Vermont Central.
Pittsburg C. A St. Louis.
Philadelphia A Erie.
Missouri Kansas A Texas.
* .Nashville Chattanooga A St.
Wabash St. Louis A Pacific.
Louis.
Columbus Chic. A Indiana Central.
Wabash St. Louis A Pacific.
Wabash St. Louis A Pacific.
.Northern Central.
,
Columbus Chic. A Indiana CentraL
Pittsburg Titusville A Buffalo.
Utah Central.
Virginia Central
Virginia A Tennessee
Chesapeake A Ohio.
Norfolk A Western.
Wabash A Western
Waco A Northwest
Wallkill Valley
Wabash St. Louis A Pacific.
Houston A Texas Central.
....Lehigh A Hudson River.
Washington City Va. Mid. A Gt. So. Virginia Midland.
West Chester A Philadelphia
Philadelphia A Baltimore CentraL
West Wisconsin
Chicago St. Paul A Minneapolis*
Western Pacific
Western.Union Railroad
Wichita A Southwestern...
Winona A St. Peter
Wisconsin Valley
.Central Pacific.
Chicago Milwaukee A St. Paul.
Atchison Topeka A Santa Fe.
Chicago A Northwest.
Chicago Milwaukee A St. Paul.
/
STOCK AND
BOND TABLES.
NOTES.
These tables are
week in the
expressly intended to be used in connection with the information concerning Investment matters, published from week to
Chronicle—to whioh an index is furnished in the remarks at the foot of the tables.
Annual reports are in blaok-faoed figures.
description of U. S. Government Securities is published in the Chronicle each month, as soon as the official “ Debt Statement” is issued.
Prices of all active Stocks and Bonds are quoted weekly in the Chronicle, and a list of general quotations is
published monthly.
•
The following will give explanations of each column of the tables below:
Description.—Railroads leased to others will sometimes bo found under the lessee’s name. The following abbreviations frequently occur, vis.
M. for “mortgage.” s. r. for “sinking fund,” 1. gr. for “ land grant,” reg. for “ registered,” coup, for “
coupon,” Br. for “Branch,” guar, for
“guaranteed,” end.for “ endorsed.” “ Coupon*” indicates that the bonds are coupon, but may be registered.
Date of Bonds.—The date of issue is referred to in this column.
Miles of Road.—Opposite Stocks, this means the miles of road operated, on which the earnings are based; opposite
bonds, the miles covered
by the mortgage.
Size or Par Value.—These figures are dollars, showing the denominations or par value. The figures “ 100, &c.,”
signify $100 and larger.
Rate Per Cent.—The interest per annum is given for bonds, but the per cent of last dividend for stocks; g means gold; x,
extra; s, stock or sorip.
When Payable.—3. & J. stands for Jan. & July; F. & A., Feb. & Aug.; M. & S., March & Sept.; A. & O., April &
Oct.; M. & N., May & Nov.; J. & D.,
June & Dec.; Q.—J., quarterly from January; Q.—F.,
quarterly from Feb.; Q.—M., quarterly from Maroh.
Bonds, principal when due ; Stocks, last dividend.—The date in this column shows the period when the principal falls due of
bonds, but the time
when the last dividend was paid on stocks
A
787888111187.,
009
.
STATE SECURITIES.
Subscriber* will confer
a
great favor by giving Immediate notice of any error discovered In tliese
Table*.
DESCRIPTION.
Date of
Bonds.
For
explanations
see
$100&c.
1876
1876
Funding
Arkansas-Fundim bonds of 1869
Funding Bonds IfS70(Holford)
100 &c.
100 &c.
$6,711,300
1880
1869 to ’70
and 1870
100 (fee.
1838 to ’39
1875
Sinking fund bds,(Loughborough) Act.Dec.,’
To Memphis & Little Rock Railroad
1869
1870
1870
1870
To Little Rock & Fort Smith Railroad
To Little Rock, Pine Bluffs & N. Orleans RR..
To Miss., Ouachita & Red River Railroad
To Arkansas Central Railroad..
California—Soldiers’ relief
State Capitol bonds
Funded debt bonds of 1873
Connecticut—War bonds, 20 year
]
War bonds, 20 year
Coupon
do
not taxable, 20 year., y
or
.1870
1863
1870 & ’72
1873
1863
1864
1865
1877
Bonds, 10-20 year
J regist’d.
New bonds (sink, fd.)
J
Delaware.—Refund’g bds., ser. “A,” “ B” & “C”
Dist.of Columbia- Perm’t imp’t,gold, coup
Permanent improvement bonds, coupon
Bds for fimd’g (Act June 10, ’79) coup, or reg.
1883
1881
1872
1873
1879
1874
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 &c.
....
500 &c.
1,000
1,000
100 &c.
1,000
....
1,000
500 <feo.
100 &c.
100 &c.
50 &c.
50 &o.
Fund, b’ds (U.8.guar.,Acts June,’74&Feb.,’75)
Market stock, coupon
1872
Water stock bonds, coupon
1871 to ’73
1,000
Wash, fund’g, gld,($660,000 are M.&N.,1902).
1872
100 &c.
Florida—State bonds
1871
1,000
Consolidated gold bonds
1873
1,000
Georgia—Atlantio & Gulf Railroad bonds
1866
500
Bonds, act of Mar. 12, ’66 (renewal W. & A.)..
1866
500 &c.
Quarterly gold bonds, act of Sept. 15,1870..
1870
1,000
Bonds, act of Jan. 18, ’72
1872
Bonds for funding (Act Feb. 19, ’73)
1873
Bonds to fund coupons on endorsed bonds...
1876
Bonds exchanged for endorsed RR. bonds
1877
Indiana—Bonds, coup, (pay’ble after Apr. 1,’84)
1879
School fund bonds (non-negotiable)
Kansas—Bonds, 1861 to ’69, funding, &e
1861 to ’69
Military loan
;
1,318,500
1,741,100
1,031,000
500,000
715,000
3,911,300
655,500
989,300
14,012,000
150,000
374,000
1,877,550
350,000
925,000
300,500
3,600,000
2,097,000
1,000
307,500
500,000
542,000
250&C.
1,000
1,000
....
....
lOO&o.
1861 to ’75 100 &c.
1864 to ’65
Bonds for various State purposes
944,000
960,000
1,850,000
1,268,000
1,986,773
1,985,955
427,000
1,200,000
1,000,000
1,200,000
600,000
1,350,000
95,500
500,000
•2,796,000
877,000
1,000
1,000
1871
including'interest
539,000
....
1870
Levee bonds (or warrants)
Old unfunded debt,
Outstanding
1876
for Ala. & Chati
m
m
m
m
2,298,000
585,000
3,904,783
101,175
773,000
307,500
Alabama—The State gave 30-year bonds, dated July 1,1876,
bearing
2 per cent till 1881, then 3
per cent till 1886, 4 per cent till 1896, and 5
per cent for last 10 years, for old bonds, without
any allowance for pastdue coupons. Alabama & Chattanooga endorsed bonds
were exchanged
for $1,000,000 of the now
bonds, Class C, which bear 2 per cent till 1881,
and 4
per cent for remaining 25 years. For railroad endorsements the
bonds issued bear 5 per cent. In 1880 the new 6
per cent bonds were
issued to retire old 8 per cent “State
obligations.”
Analysis of the
debt and funding operations was given in the
Chronicle, V. 24, p. 28.
For the $2,000,000 of State 8
per cent bonds issued to the Ala. & Chatt.
RR. under act of Feb. 11, 1870, the State
gives the lien on the lauds
granted to that railroad, 500,000 to 1,200,000 acres. Tax rate.
1879-80,
7 mills; 1880-81, 6^ mills;
1881-82, 6hi mills. The assessed valuation
of real estate and
personalty was $123,757,072 in 1879, $139,077,328
in 1880, and $152,920,115
in 1881. (V. 32, p. 182.)
Arkansas.—The State Supreme Court decided Levee bonds of 1869 and
The State is in default l'or interest,
except on the secured
sihjEng fluid bonds (Loughborough) issued under the law of December.
1874. Assessed valuation of taxable
property in 1881 $41,843,803 real
estate and $58,445,111
personal, and tax rate 71a mills. The following
1870 invalid.
aredhe latest official assessments:
Real Estate.
Personal.
„
}876
1877
$61,892,881
18?J
-(V. 32, p. 566
;
55,713,115
55,351,488
41,843,803
V. 33, p. 328, 525, 488, 573.)
Tax Rate.
$31,971,308
32,366,893
10 '
7
32,613,686
7Lj
7Lj
58,445,111
the
3 &c.
J.
5
J.
J.
J.
J.
4 &c.
6
6
6
7
6
6
7
7
7
7
7
7 g.
7 g.
6 g6
6
6
5
4
6 g7
5
3*65
7
7
6 g.
7
&
&
&
&
&
J. N.
&
J.
J.
& J.
A. & O.
&
&
&
&
&
&
&
&
&
&
N.
J.
J.
J.
J.
J.
A.
J.
J.
J.
J. & J.
F. & A.
J. & J.
7
Q.-J.
J. & J.
A. & 0.
J. & J.
J. & J.
A. & O.
Various
July.
J.
J.
-
$458,172,198
466,273,585
460,694,217
464,082,851
Connecticut.—The
war
purposes.
A®arrt-
I8J8
I8'9
}f8?
J881
lhe assessed
$128,780,824
$6-20
5-50
118,304,451
6-40
149,656,007
655
146,180,978
all created originally for
debt of Connecticut was
Assessed valuation and tax rate per $1,000 have been:
Real Estate.
Personalty.
Tax Rate.
$235,412,691
1*50
$99,970,163
228,987,700
95,901,323
1 50
'
$327,182,435
1 50
$332,170,856
valuation of real estate is about 70 per ceut of the true value.
“(V. 35. p. 131.)
are.—These refunding bonds issued July, 1881, take
up out-
ioo5u^ debt.
1886;
Series “A” are $250,000, redeemable July, 1882 to
series “B,” $300,000, redeemable
July, 1886 to 1891; series “C,”
Montgomery.
Y., Union Trust Co.
& J.
& J.
1860
1905
1
1900
1900
1900
April, 1900
Sacramento, Treasury.
1883
do
do
1885
do
do
1893
Jan. 1, 1883
Jan. 1, 1884
Oct. 1, 1885
Hartford, Treasury.
do
do
do
do
do
Mayl, 1897
do
do
1903
Pliila., Pliila. Nat. Bank.
1886,1891,1901
Wash, or N. Y., U. S. Treas.
July 1, 1891
do
do
July 1, 1891
do
do
July 1, 1899
do
do
Aug. 1, 1924
do
do
July 26, 1892
do
do
Oot. 1,1901 to ’03
do
do
1892 & 1902
N.Y., Donnell, Lawsomfc Co.
Jan. 1, 1901
do
do
Jan. 1,1903
N. Y., Fourth National Bk.
Feb. 1,1886
N. Y., National Park Bank.
May, 1886
do
do
Oct., 1890
do
do
July, 1892
do
do
April 1, 1886
do
do
July 1, 1896
do
do
Jan. 1, 1889
N. Y., Winslow, L. & Co.
April 1, 1889
do
do
N. Y., Am. Exch. Nat. Bk.
1883 to ’84
do
do
1884 to ’99
do
do
1884 to ’99
do
$165,000, redeemable July, 1891 to 1901.
nor assessments
Jan. 1, 1900
1899
1900
1900
J.
do
do
& J.
& J. New York, Nat. City Bank.
& O.
N. Y., Union Trust Co.
& 0.
do
do
& O.
do
do
& 0.
do
do
& O.
do
do
6
7
7 g.
7
8
July 1,1906
July 1, 1906
July 1.1906
do
do
&
6 g.
7
6
5
6
6
7
N.
T. & J.
J. & J.
M.
J.
J.
J.
J.
J.
F.
J.
J.
J.
Y., Importers’ & Tr. Bk.
do
do
& J.
J.
Due.
Whom.
J.
J.
J.
J.
J.
J.
J.
A.
A.
A.
A.
A.
J.
Prinoipal—When
Where Payable and by
Payable
made by State officers.
There is
no
State tax
(V. 32, p. 500.)
levied,
District of Columbia.—The total assessed value of taxable roal estate
and personal property is shown below. The interest and
sinking fund
on the 3-65 bonds are
provided for by Congress, and the amount is
limited to $15,000,000.
Real and personal estate, &e.. has been
assessed as follows:
Real Estate.
Personal.
Tax Rate.
$97,609,890
$15
$17,239,051
87,491,442
15
13,363,920
87,980,356
88,953,078
1882
i
90,308,495
10.895,712
9,666,272
15
15
15
—(V. 32, p. 69.)
Florida.—Less the sinking fund of $150,700, the total debt is
$1,125,300, which does not include $132,000 bonds of 18V7, held
by Indian
Trust Fund. About $460,000 of the bonds are held in school
funds, <fco.
Coupons of the consolidated bonds aro receivable for taxes. Real and
personal property assessed in 1879 at $30,938,209; in 1881,
$36,691,
823. (V. 32, p. 100.)
Georgia.—The constitutional amendment in 1877 declared void several
issues of bonds and railroad endorsements. There were issued
$400,000
4 per cent bonds in 1880, but all
except $107,000 taken up and can¬
celed in that year. Assessed value and tax rate per
Years.
Real Estate.
$134,635,886
134,244,081
$o00,000 Capitol bonds
}878
}§79
}880
1881
i
Rate.
When
California—The
State holds in trust for School and University funds
and also bonds of 1873, in all
$2,690,000
Assessed valuations and rate of tax
per $1,000 have been:
i c^oar8*
Real Estate.
Personal.
Tax Rate.
..
INTEREST.
Amount
or
par
Value.
notes above.
Alabama— Substitution bonds
Substitute b’ds for RR. (B) <
do
Size
139,657,250
148,057,233
$1,000 have been.
Personalty. Tax Rate.
$91,585,8^2
$5*00
90,849,338
350
99,276,876
350
106,195,395
3
-(V. 34, p. 88.)
Indiana.—Indiana made a compromise with her bondholders in 1846
giving them State stock for one-half of their bonds and overdue coupons,
and Wabash & Erie Canal stock for the
balance, about $7,500,000. There
are also outstanding $340,000 5
per cent bonds, due 1901, held by Pur¬
due University. Valuation, 1882, of taxable
property: Real estate,
$543,427,442; personalty, $261,775,350.
Kansas.—Kansas has but a small State debt, but the issue of municipal
was about $13,000,000.
Tho valuations (about one-half of true
value) have been:
bonds
Years.
1877
1878
Roal
Estate.
$97,483,242
97,567,623
101,229,731
,...108,101,123
Personal
Property.
$39,997,287
41,131.187
43,700,545
52.469,688
—State funds hold $716,950 of the bonds.
Rate of Tax
per $1,000.
$5 50
5 50
5 50
5 50
Total
Debt.
$1,181,975
1,181,975
1,181,975
1,181,975
STATE
Subscribers will confer
Bonds.
on
relief of State Treasury
Bonds in aid of various railroads
Levee bonds—Act 35 of 1865
do
Act 115 of 1867
do
special—Act 32 of 1870
5^
do
do
Value.
1853
1,000
1,000
1,000
1867
1870
or
reg.
1868
Navigation Co...
to Mississippi A Mexican Gulf Canal
held by St. Treasurer
school,
to N. Orleans, Mobile A Chatt. RR.
to N. Orleans, Mobile A Texas RR
Mob. A Texas RR. bonds, end. by State
..
do
N. O.
Consolidated funded bonds
Twos, fours and threes (see notes below)
Haine—War loan bonds
1 Coup.
Amount f
$333,300
Apr., ’82
80,000
1,000
1,000
260,000
48,000
70,000
2,500,000
875,000
1.000
1,000
9709688187720. 8811
Bounty loan bonds
Municipal
war
V
debt assumed
J
Four per cent bonds, coupon
Maryland—Baltimore A Ohio Railroad, sterling
Chesapeake & Ohio Canal, sterling
r
•
•
•
1880
1,875,555
....
1838
2,310,000
1838-47
1839
1837
1870
m
1839 '
m
_
1839
_
m
m
_
....
1868
Maryland Hospital Loan, 10-15 years
Maryland State Loan
Treasury relief loan, 10-15 years
Massachusetts—Coast Defense .Loan
Bounty Fund Loan
Bounty Fund Loan
do
do sterling
'War Loan, sterling
Troy & Greenfield Railroad loan, sterling
.
-
^
m
m
m
m
,
1872 & ’76 100 Ac.
I
1878
1863
1,000
1863
1,000
1864
500 Ac.
1864
£100 Ac
1869
£200
1858 to ’61 £200 Ac
do
do
home
1861 to ’63 500 Ac.
<lo
do
1871
sterling...
200 Ac.
do
do
sterling...
1875
£500
do
do
dollar bonds 1873 to ’74
1,000
do.
do
do
1875
1,000
Southern Vermont Railroad Loan
1860
5,000
-Boston, Hartford & Erie Railroad, sterling... 1868 to ’69
£200
Harbor Land Improvement (5-20s)
1874 & ’76
1,000
Danvers Lunatic Hospital
1874 A 'll
1,000
Lunatic Hospital, Worcester
1875-’76
1,000
New State Prisons, sterling
1875
.
•
tfji
t
Michigan—War Bounty Bonds.
Minnesota—8tate Building loan, coupon
Temporary seed grain loan
Adjustment bonds, (10-30, redeemable, 1892.
Missouri—State bonds, proper
Consolidated bonds
•
University and Lunatic Asylum bonds
State Bank stock refunding
Bonds to North Missouri Railroad
Bonds to Cairo & Fulton Railroad
Bonds to Platte
County Railroad
-Bonds to Iron Mountain Railroad
Pacific Railroad of Missouri
:
Funding bonds
Hannibal & St. Joseph Railroad
do
do
renewal
Jlebraska—Bonds (act Feb. 14,1877) coupon...
-Meta Hampshire—War loan, coupon bonds
Municipal war loan
Loan of 1879 for refunding
Prison loan
Heto Jersey—War loan bonds, tax free
War loan bonds, tax free
do
do
taxable
£500
1873
1878
1882
1865 to’66
1868
1872
1874
1854 to ’58
1857 to ’59
1859 to ’60
1854 to’59
1853 to ’59
1874
1857 to ’75
1874
1877
1879
1879
1861
1863
1864
(?)
225,000
465,000
'
888,000
200,000
4,379,500
4,000,744
999,944
5,506,952
1,366,500
3,598,540
1,497,980
670,000
1,300,000
300,000
1,500,000
1,100,000
25,000
61,000
1,000
4,253,000
1,000
1,000
1,000
1,000
1,000
1,000
435,000
2,711,000
401,000
104,000
1,688,000
265,000
503,000
1,360,000
2,946,000
1,000,000
1,500,000
1,490,000
449,267
1.000
'
1,000
600,000
2,206,100
400,000
112,000
300,000
902,900
593,400
100 Ac.
1,000
Ac,
500
100
100
100
Ac.
Ac.
Ac.
•
•
•
5 g.
J.
A J.
5
5
5
5
3,599,024
1,000
1,000
1,000
1,000
■
200,000
1,292,280
298,000
1,000
1,000
1,000
1,000
M. A S.
J. A J.
J. & J.
7-30 M. A S.
6
Various
8
J. A J.
8
A. A 0.
8
7
J. A J.
2, 4,3 J. A J.
6
M. A S.
6
J. A D.
6
A. A O.
4
F.-A A.
5 g. J. A J.
5 g. J. A J.
5
Q.-J.
5
A. A 0.
3
Quart’y
6
T. A J.
6
Q.-J.
6
A. A O.
6
J. A J.
3*65 J. A J.
6
T. A J.
6
J. A J.
6
6
J. A J.
5 g. J. A J.
5 g. J. A J.
5 g. M. AN.
5 g. M. AN.
5 g. J. A J.
5 g. A. A O.
5 g. A. A O.
•
500,000
1,000
1865
1864
1872
298.435
62,605
1,056,304
•
.
‘
•
1872
•
309,485
31,069
269,000
528,355
3,326,750
.
.
’I
385,000
2,330,000
2,826,900
257,000
1,000
1838
$15,000 1
A J.
Various
Various
M. A N.
....
11,367,900
1,723,415
•
500 Ac.
500 Ac.
100 Ac.
Certificates of indebtedness for $3,000.000...
1882
Deaf and Dumb
Asylum Loan
1870 & ’74
•
•*
Railroads and canals..:
Eastern Shore Railroad
Baltimore & Susquehanna Railroad
Chesapeake & Ohio Canal
Baltimore & Susquehanna Railroad
Annapolis & Elkridge Railroad
Defense Bounty Loan
1,000
100 Ac.
J.
J.
J.
J.
J.
O.
gg.
g.
g-
5 g*5 g5 g5 g.
5 g.
7
7
6
4*2
6
6
6
6
6
6
6
6
6
6
6
6
8
6
6
5
5
6
6
6
Principal—When
due.
Where payable and
by
whom.
J.
6
6
8
6
8
6
8
yet fundfable was]
1,000
When
Payable
Rate.
of these
500
100 Ac.
1866
1870
1869
1857
1870
1871
1869
1874
1880
1863
1864
to Boeuf A Crocodile
outstanding.
$500
1866
.
Bonds funding coupons
do
do
par
first page of tables.
Louisiana—Bonds for
fi
[Vol. XXXV.
great favor by giving immediate notice of any error
discovered in these
Tables.
INTEREST.
Date of
Size or
Amount
a
DESCRIPTION.
-For explanation see notes
SECURITIES.
A
A
J. A
A. A
J. A
J. A
J.
J.
Various
Various
J.
M.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
T.
J.
A.
M.
J.
J.
J.
J.
J.
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
119,000
Amounts not
J.
J.
J.
J.
O.
8.
J.
J.
J.
J.
J.
J.
March1,1875
fundable,
80,000
260,000
48,000
70,000
per report of
Jan. 1, 1878.
2,500,000
'
875,000
N. Y., Bank of N. Y.
New Orleans.
Boston, Suffolk Bank.
do
Jan., 1914
March 1. las?
June l, 1889
Oct. 1,1889
do
Augusta and Boston.
Boston, Suffolk Bank.
London, Baring Bros.
do
1886 A ’88
Jan. 1, 1890
1899
1897
July 1 19iq
April, 1911
1886 A1914
1889
1889
do
Balt., Farm. A Merch. Bk.
do
do
do
1890
1890
1885
1890
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1890
1883
1897
1885 A ’89
1887 A 1891
1887
1888 to 1893
July 1, 1883
'
Boston, Treasury.
do
do
London,
do
do
do
do
Baring Bros.
do
do
July 1, 1883
May 1, 1894
May 1, 1894
July 1, 1889
Oct., 1888 to ’90
April, 1891A ’93
Boston, Treasury.
London, Baring Bros.
do
July, 1891
do
Jan. 1, 1895
Boston, Treasury
do
1893 A ’94
do
do
do
July 1, 1895
April 1,1890
Jiuy 1,1900
Sept. 1, 1896
London, Baring Bros.
Boston, Treasury.
Boston, Treasury.
do
7 r*
1890
do
J’yl,’94-8epl,’97
do
J.
London, McCalmonts.
N. N. Y., Am. Exchange Bank.
J.
St. Paul, Treasury.
J.
do
do
J. N. Y. City, Met. Nat. Bank.
J. N. Y., Bank of Commerce.
J.
do
do
J.
do
do
J.
do
do
J.
J.
J.
J.
Jlllv. 1 QQ9
1872 to 1OOfi
1886
Mav ll. i a/v*
•
.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
State Treasury.
Concord or Boston.
do
do
Bost. ,Nat. Bk. Common w’lth
do
do
M’yl’95-Sepl,’96
Jan.
1, 1895
May, 1890
July 1, 1883
Optional.
1912
1883
1888
July,-1892
April 1,1894
1882 to ’88
1882 to ’89
1889 to ’90
1882 to’89
1886 to ’89
July, 1894 A ’95
1887 to ’95
1894-o-6
April 1,1897
Sept,, 1884 A ’89
Jan., ’92 to 1905
July 1, ’89-’90-’91
July, 1882 to ’91
Jan., 1881 to ’84
Jan., 1886 to ’96
Jan.,’97 to 1902
Jersey City.
do
do
u
.
-
Louisiana.—The Constitutional amendment passed
December, 1879>
Michigan—The debt is practically
provided for a new bond m place of consols of 1874.
bearing 2 per cent has sufficient assets to meet the debt. extinguished, as the sinking fund
for 5 years, 3 per cent for 15
Equalized valuation of real and
years and 4 per cent afterwards, on which personal
property, 1881, about
hasia the interest charge per year for consols is
tax rate for State pur¬
$235,542. To April, poses 1 4-10 mills on the $ 1; in $810,000,000, and
1882, tax rate, l26ioo mills.
1882, the 2 per cents issued were $237,300, 4 per cents,
$186,150; and
Minnesota.—All the old State bonds are held by the
3 per cents (baby bonds), $1,307,105. In
permanent school
June, 1882, a constitutional fund. Minnesota refused to recognize the
amendment passed the Legislature, as was submitted to
“State Railroad Bonds” of
vote in Novem¬
1858, to the amount of $2,275,000. A
ber, giving new bonds at 2 per cent for five years from
Jan., 1880, and holders was provided for in 1881, and proposed compromise with the
4 per cent thereafter. See V.
was carried out by the issue of
35, p. 50. The assessed value of property the 4*2 per cent bonds. Taxable
for 1880 was $149,635,805, ana tax is
valuations and State tax have been:
limited to 6 mills. The interest Years.
Real Estate.
tax alone was 5*2 mills before the
Personal.
Tax Rate
constitutional amendment, and bond¬
holders are trying to enforce its collection
$183,615,738
2*2
$46,175,304
by suit; in December, 1880,
.'
an injunction was gran ted
189,246,698
53,525,017
T52&
against the State Treasurer to prevent his 1880..!
203,473,637
•diverting the interest funds. There is considerable overdue interest of 1881.
54,581,906
1*6*5
the years 1874 to 1880 inclusive. A suit is
208,949,184
74,329,190
pending by the State of New 1882
242,938,170
Hampshire against Louisiana on her bonds. Taxable valuation for 1881 Tax
79.219,445
for all purposes in counties
about $176,000,000. (V. 33. p.
averages 17310 mills. (Y. 33, p. 74,125,
23, 743; V. 34, p. 115, 147, 460, 574 ; 282,294,304,329,
V. 35, p. 50, 71, 336, 456, 486.)
404,433,469, 502,588,687,744; V. 34, p. 32. 86,316.)
Missouri.—The tax rate is 40c. per $100. Bonds
Maine.—The debt January 1, 1882, was $5,801,900.
maturing are met by
The sinking sinking fund. The Hannibal & St.
fund $1,436,367.
Josepn RR. paid the State $3,000,000
Tax rate for 1880, 5 mills on valuation of
1870; for its debt, but the State refused on Jan. 1,1882, to
1881-82, 4*2 mills.
pay
its own $3,nOO,000 of bonds. Litigation between the the coupons on
State and com¬
Maryland.—The State has largely assisted canals and railroads, and
pany ensued. The following is a statement of the assessed
holds $3,675,325 of stocks and bonds ranked as
property in
productive; the State this State for the years 1881 and 1882:
also holds $26,112,298 in unproductive
securities, wdiich includes
1881.
$16,358,230 Chesapeake & Ohio Canal interest.
1882.
The State will ex¬ Real estate
$406,104,426
change the^Defense Loan” at par for new certificates of
$442,826,742
indebtedness, Personal property
to bear interest at 6 per cent until
163,265,459
170,813,976
January, 1884, and 3*65 per cent
afterward, redeemable in 15 years. Assessed valuation, &c., have been : Railroad, bridge and telegraph property
32,353,097
35,626,524
Years.
Real & Personal. Tax per $100.
Total
1877
/.
$601,722,882
$649,867,242
$478,468,028
17*4C. —(V. 32, p. 685; V 33, p. 687; V. 35, p. 236.)
1878
464,425,790
18^c.'
Nebraska.—The State school fund holds $326,267. There are also
1879
;
$50,
466,637,502
18%c. 000 10 per cent “ Grasshopper” bonds due 1885, interest
paid January
459,187,408
18 \e. and July. Assessed valuation (33*3
1831
:
per cent of true value) and tax raid
461,459,939
18%c. per $1,000 have been:
-(V. 35. p. 373.)
PcrsoTifll
Massachusetts.—The funded debt, January 1, 1882, was
$32,399,464. Years.
Real Estate.
The sinking funds were
Railroad, Ac.
Tax Rate.
$14,080,465. The Hoosac tunnel and connections
cost the State heavily.
$40,589,285
$33,589,360
$7 35
Assessed valuation, tax rate, Ac., have been:
37,975,987
Real
6 37**
83,335,591
Personal
Tax per
Total
Sinking
Years.
' Estate.
39,263,823
35,125,713
6 37**
Property. $1,000.
Debt.
Funds.
1878
38,378,409
36,981,389
6 37**
$1,118,557,164 $761,266,574 $12 54 $33,219,464 $13,448,194
..
....
1879
1881
....
....
1,090,749,235
1,111,160,072
1,149.965,827
1,189,524....
742.533,998
12 78
816,695,358
883,886)538
15 35
....
33,020,464
32,799,464
32,399,464
12,235,248
13,050,092
14,080,465
The loan to Boston Hartford &
Erie Railroad was secured
by
“Berdell” mortgage
bonds, afterwards exchanged for N. Y. A N. E. RR.
fteeond mortgage bonds.
53,850,147
36,649,471
4 00
New Hampshire.—The debt of New
Hampshire was created for war
purposes. The Municipal loan of 1872 was issued to cities and towns,
the proceeds to be applied to their war debts. Total valuation in 1879
(latest made), $206,959,017. Tax rate, $2 per $1,000.
New Jersey—The debt was created for war
purposes.
Of the first
class of bonds the principal is
payable $100,000 per year. Valuation
cl real and personal property (taxable) In 1881, $527,451,222, agatnat
STATE
1882.J
Pecembeb,
Subscribers will confer a
Date of
Bonds.
explanations see notes on first page of tables
Size
•
1875
1872
1873
1873
1874
Under Art. 7, See. 3, of Con
stitution, and Art. 7, Sec. 12.
1879
North Carolina—Fanding bonds tax-receivable.
Old bonds not funded.
Bonds to North Carolina Railroad
for N. C. RR. issue (tax rec
bonds, not fundable (Chatham and W. AT.)
INTEREST.
outstanding.
Rate.
$173,000
g Sg g.
S'
6
1,562,900
638,200
4,302,600
&sa?
t> S-
2,000.000
2,598,550
3,907,300
$50 Ac-
187-90.
92781
1,000
R/Iiids
1882
Registered certificates ofliterary
1867
1868
Penitentiary bonds, act
fund
Aug. 24, 1868.
/)f,-^Registered loan of 1881
Registered loan, payable after Dec., 1886
vSZnsuimnia—Reg. bonds, tax tr., (red’ble ’92).
ReSstered bonds, tax free, 15-25 years
Coupon
loan (except
$53,000 reg.), April 2....
April 2
do
1882 (registered)
do
do
in ten series
Agricultural College land scrip
Jthode Island—War bonds
of February,
Loan
War
South Carolina—State House stock and bonds .
Funding bonds and stock......................
Blue Riage Railroad bonds
Funding bills receivable
Payment of interest
.
Funding bank bills...
Conversion bonds and stock...................
rvmsol. bonds and stock (Brown)
are
Held by E.T.- University (not to no
1,€00J
1,000
5s).
funded)...
Various.
1872
1874
Redemption of debt, act Aug. 6, ’76
Bonds, act April 21,1879
Bonds to State University and School Fund..
Bonds issued to School Fund
Virginia—Old bonds,
fundable
Old Donds, sternng, not required to be funded
Consol.) Act Mai. ’71) coup, tax receivable....
do
do
reg., conv. into coup...
do
(Act 1872) “Pealer,” cp. not rec’ble
Deferred certificates (W. Va.)
New funding bonds, 10-40s, ($449,300 reg.)..
do
do
sterling
.
m
m
1882
1,000
500,Ac.
1872
1871
.
»
©
2,801,665
2,400,000
8,000,000
2,000,000
395,000
87,000
6,700.000
2,500,000
....
.
©
•
•
■
1851 to ’66 500 Ac.
1851
£100 Ac
1871
100,Ac.
1871
100,Ac.
1872
100, Ac.
1871
Various
1879
1879
m
m
m
•
....
61,000
18,000
128,000
•
58,200
69,700
4,152.613
4,880,000
14,929,300
397,000
(?)
2,394,305
15,239,370
8,171,600
346,000
mills.
Nexo York—The financial condition of the State has been fortified by
the payment of all debt except the canal debt, as above. The sinking
funds on Sept.- 30, 1882, amounted to $2,723,698. The new Capitol
building bas cost the State thus far $13,000,000, but this has been paid
for by taxation. Valuations and tax rate for State purposes have been:
State school tax, 2
1878
,
Personal.
$2,373,418,490
$364,960,110
2,333,669,813
2,315,400,526
2,340,335,690
1880
1881
2,432,661^378
—(V. 32, p. 70.)
State Tax.
352,469,320
3*22,468,712
340,921,916
3,
730,000
885,147
2910
286a1000
3^
2*4
351,021,189
Not'th Carolina—Interest is paid on bonds issued to No. Carolina RR.
as the State holds $3,000,200 stock and receives dividends
thereon. The funding law of Mar. 4,1879, provided for
funding old antewar bonds at 40 per cent of the face value; “ New ” railroad
bonds recog¬
nized as valid at 25 per cent; funding bonds of 1866 and 1868 at 15
per
cent. Nothing for overdue coupons.
Coupons of the new bonds are re¬
ceivable for taxes.The funding ended Jan. 1, 18S2, and at that time a
large amount of the fundable bonds had not come in. See V. 34, p.
378.
If all were funded the new 4 per cents would be
$3,900,000.
Special tax bonds are ignored, and also bonds to Chatham RR. 1868,
$1,030,000, and toWilliamston A Tarb. RR., $150,000, and for Peniten¬
($2,795,000),
tiary under acts of 1868.
4*2g.
6
6
6
6
6
6 g.
6 g.
6 g.
II:
Is-
When
l s
!g
Where
Payable
Due.
Whom.
A J. N. Y., Manhattan Co. Bank
A J.
do
do
A J.
do
do
A J.
do
do
A O.
do
do
A J. N. Y., Nat. Bk. of Republic,
Various
do
do
Various
do
do
A A O
do
do
do
do
J. A ' J.
Raleigh, Treasury.
A. A O
New York,
A. A O.
do
J. A J. N. Y., American Exch. B’k.
J. A J
do
do
F. A A. Pliila., Farm. A Mech. B’k.
F. A A.
do
do
J. A J.
do
do
J. A J.
do
do
F. A A.
do
do
F. A A.
do
do
A.
Harrisburg Treasury.
a;o. Providence, R. I. H. A T. Co.
J.
A J.
do
do
F.
J.
J.
J.
A.
A.
J.
J.
J.
J.
J.
J.
A A.
A J.
A J.
A J.
A O.
A O.
A J.
do
do
Columbia, State Treasury.
Columbia and New York.
do
do
do
do
do
A J.
Oct., 1893
July, 1887
Jan. 1, 1883
do
*
A J. N. Y., National Park Bank.
Nashville, Treasurer,
do
do
do
do
New York or Nashville.
State Treasury.
New York, Bank of N, Y.
do
do
J. A J.
do
do
J. A J. New York A State Treasury,
J. A D.
do
do
Oct. 1, 1892
1909
1868 to ’98
1883 to’85
1912
1868 to ’98
Indefinite.
.
Oct., 1898
1898 to ’99
At will, 1882-'8S-
Jan., 1887
Feb. 1, 1902
Aug. 1, 1904
July, 1882
July. 1882
Feb. 1, 1912
Aug. 1, ’83 to '92:
1922
April 1, 1883
July 1, 1893
Aug. 1, 1894
1871 A ’81
July 1, 1888
July 1,1889
July 1,1882
July 1,1893
July 1, 1914
1875 to 1900
Various.
Jan. 1,1912
1891
1911
1892
March 1, 1904-
July, 1906
1909
5
6
6
A J.
N.
A J.
A J.
London, Baring B. A Co.
A J.
A J.
A J.
Y., Winslow, L. A Co.'
Richmond, Treasury. ’
do
-
Contingent
1919
1919
The old issues yet fundable stood
and rate of tax per $1,000 have been :
Years.
Real Estate.
Personalty.
76,583,866
77,609,666
—(V.33, p. 12, 589.)
1886 to ’95
1886
1905
1905
do
A J.
A J.
$85,633,873
$40,083,341
36,574,858
41,785,768
as
above.
Valuations
Railroads.
$0,520,772
7,392,900
13,767,400
Tax Rate.
23*
45*.
5
Tennessee.—The funding law giving new bonds at 3 per cent with taxreceivable coupons for tlie full face of old bonds aud interest -went to
the State Supreme Court on appeal, and on
February 10, 1882, the
Court held the law unconstitutional. A new
funding law was passed
(act of May 20. 1882> without the tax-receivable coupon clause, and
giving new bonds at 60 per cent of the principal and interest of old,
the new bearing 3 per cent in 1882-83, 4 per cent iu 1884 and
1885, 5
per cent in 1886 and 1887, and 6 per cent 1888 to 1912.
Exchanges
were made in New York Jul}T, 1882.
The bonds fall due in 1912, but
may be redeemed after Jan. 1, 1887. Assessed valuatiousand tax rate
per $1,000 have been as follows:
Years.
Real Estate.
Personalty.
Railroads.
Tax Rato..
1877....
$212,589,045
$24,319,803
$
$1
202,340,815
20.871.338
I
196,165,644
16,952,036
I
1880....
195,635,100
16.133.338
10,375.894
1
-(V. 32, p. 62, 253, 387, 579; V. 33, p. 66, 642 ; V. 34, p. 178, 205,
231,
252, 428, 461, 522, 596; V. 35, p. 183, 457.)
Texas.—The old high-rate bonds have been redeemed and
low-interest
1878....
1879....
The $2,795,000 of N. Car. RR. construction bonds are redeemable for bonds issued. Assessed valuations and rate of tax per $1,000 have been:
Years.
Real Estate.
the new 6s, due 1912 (see V. 35, p. 132), and
Total Val’tion. Tax Rate.
Personalty.
many holders have already
1S76.... $174,324,176
so exchanged.
$83,307,833
valuation of real estate is about 60 per cent ol‘
$257,632,009
Assessed
$5...7781
212,698.432
true value. Valuations and tax rate
106,237,273
5
318,935,705
per $100 have been:
1878....
187,722,374
Years.
115,480,050
Real Estate.
303,202,424
a
Personalty. Total Valuation. Tax pr. $100 1879....
1878
186,297,495
114,227,912
300,525,407
5
$91,079,834
$51,228,268
$142,308,102
38
1881.^..
1881
104.742.911
02,995,728
167,738.639
40*2
-(V. 33, p. 528, 560, 642, 744; V. 34, p. 373, 550; V. 35, p.22,
132, 339.)
Ohio.—Ohio lias a very small State debt, but large local debts, amount¬
ing in 1881 to $14,114,100, agitinst $25,957,588 in 1875, this increase
being mainly in Cincinnati debt. Valuations in Ohio have been as follows:
Real estate.
Real estate.
Personalty.
Personalty.
1§60.. $639,894,314 $248,408,290 1S80.$1,102,049,931 $456,166,034
1866.. 663,647,542 442.561,379 1881.
1,101,457,383 485,750,180
1878. 1,091,116,952 461,460,552 1882.
1,116,681,655 518,229,079
1879. 1,093,768,904 442,979,885
State tax rate for 1881-82,
2»i0 mills; for 1882-83, 2910 mills.
Pennsylvania.—Sinking fund, $6,625,753. Revenue is raised principally from eorporatious. Taxes are levied on personal
property. The
State holds $1,754,331 iu stocks aud
$7,900,000 of railroad bonds. Any
coupon bonds may be changed to registered. (V.
33, p. 623; V. 34, p.
*0.)
Island.—The debt
,
1882, the
tion
of
net
real
was
all created for war purposes. In Jan.,
was $1,444,868.
The State valua¬
debt, less sinking fund,
property in 1876 (the latest made) was
and personal,
$84,872,369 ; tax rate, 12 cents on $100.
South Carolina.—The
$243,658,190,
funding law of Dec. 23, 1873, provided for scal-
°1d debt 50 per
cent. Tlie consols were again “re-adjusted”
acts were passed Deo. 3, 1873, Dec. 24, 1878,
*.4, 1879, and February, 1880. Iu November, 1882, the consols
stood
V?1
lJec.
nv
at
The several
$5,429,9^8,
which amount was made up as follows: Brown
issued, $4,152,613; green consols not yet exchanged,
$1,982,391 lass awnmut invalid, $705,077 ; balance,
$1,277,314; total
.
July 1, 1891
July 1,1887 to '97 '
July 1,1875 to ’7SH
July 1, 1888
Columbia, Treasury.
Columbia and New York,
5
6
6
6
6
3 to 5
3 to 5
$5,429,928.
Principal—When
Payable and by
.T.
J.
J.
J.
A.
J.
A J.
A J.
A J.
4, 5, 6 J. A J.
6
Various
M. A S.
7 g
7 g
J. A J.
6
5 A 6
6
499,000
467,000
1,647,000
1.075,200
216,641
320,367
3,030,088
1,302,851
13,474,800
6
6
6
6
4
6
5
4
5 g.
3*2 & 4
3*2 & 4
200,000
631,000
738,000
158,783
27,450
$518,617,518 in 1880, $508,892,338 in 1879 and $531,851,849 in 1878.
Real Estate.
•-
500,000
67,000
1,000
1,000
100 Ac.
{ 8
11,366,000
1,000
1,000
1876
1879
•
1,180,000
m
1.000
Bonds, act Mar..l374 (for paying float’gdebt)
2,795,000
6 g.
4
6
383,045
44,000
1,000
1,000
100 Ac.
1881
1856
100 Ac.
100 Ac.
1877
1879
100 Ac.
1852
1,000
1852
1,000
1882
50 Ac.
1882
50 Ac.
1872
1863
1,000
1863
1,000
1864
1,000
1853 to’54
1,000
1866
50,Ac
1854
1,000
1868
1,000
1868
1,000
1868
500,Ac.
1869
500,Ac.
1874
500 Ac.
1874
1,000
Compromise bonds (act of May 20,1882)
ream—Funding State debt (act May 2, 1871)..
Frontier def’se,gold,act Aug.5,’70(red’ble ’91)
Revenue deficiency bonds, act Dec. 2,1871..
|
....
m
bonds
Ac-
500
any error discovered in these Tables.
Amount
or
par
Value.
/
York—
Canal debt,
Vll
great favor by giving immediate notice of
description.
New
SECURITIES.
-(V. 34, p. 329.)
357,000,000
Virginia.—The accumulated arrearages of interest on the debt proper,
October 1, 1S81, were $3,565,331. The law of March 28.
1879. for
refunding the debt, was given iuCintONiCLE, Vol. 28, p. 353. TUe new
bonds are 10-40 year bonds, and bear 3 per cent for 10
years, 4 per cent
for 20 years, and 5 per cent for 10
years, coupons tax-receivable..
The total interest on all the
acknowledged debt is $1,523,516 per year,
of wdiich $1,117,724 is in
tax-receivable coupons, leaving only
$405,791 payable in cash.
In January, 1882, a law wais passed
prohibiting the receiving of coupons in payment of taxes (siuce
decided to be unconstitutional), and iu
February the Riddleberj<er law
for readjusting the debt and the laws known as
“Coupon killers,” Nos.
1 and 2 (see V. 34, p. 88). Bouds under the
Riddleborg^v law to be
refuuded in new 3 per cent bonds would be about as follows:
Consols
$14,363,974, allowed 53 per cent
Teu-fortiea
8,517,600,
“
60
“
Peelers
2,394,3o5,
“
“
69
do
coupons
1,072,545,
“
80
“
Unfunded 6s
3,773,493,
“
69
“■
Literary fund
1,428.245,
“
“
63
do
coupons
“
cash.
379,270,
Assessed values iu 1880 wTcre: real estate. $234,272,951;
personal.
$70,391,018. The receipts of the State Treasury iu 1880-81 wrere
$2,632,345, aud current expenses, $2,152,028, leaving $480,317 bal¬
ance.
Tax rate. 5 mills. The U. S. Supremo Court in
January, 1881,
bold the coupons of consol, bonds not taxable by the State.
(V. 33. i>.
562 ; V. 34, p. 88, 179, 379, 489, 541, 715 ; V.
35, p. 52, 79, 104, 267,
603.)
CITY
ym
8ab§cribera will confer
a
Size oi
par
value.
Date of
bonds.
notes on first page of tables.
Albany, N. P.—Purchase Congress Hall Block..
City improvement
Washington Park ($40,000 are 5s, due 1920)
New Post Office site
High School
Water debt ($400,000 due 1900-3,
are
1866
1874
1875
RR..
Atlanta, Ga.—Bonds for streets, Ao
Bonds. A. L. Railroad for and State House.
Bonds for West. RR. and floating debt
Bonds, 1st and 2d series, waterworks
Redemption bonds
3882
1865
’66-’67-’72
1869-’70
1872 A ’77
1874
Augusta, Go.—Bonds for various purposes...
Baltimore—Consolidated loan of 1890
Water loan, reg. stock, red. at will after 1916
1881
Various.
Various.
1877
1878
1863
1865
1860
1863
1853
1853
1868
1870
1874
1864
1881
1870
1872
1872
1873
1874
1880
145.000
1,000
500 Ac.
1,000
1,000
1,000
One million loan to Pittsb. A Connellsville RR
New City Hall
do
do
do
Consolidated loan
Paving loan
Funding loan
Western Maryland Railroad
Jones’ Falls ($780,000 are 5s)
Valley Railroad
Water loan ($263,000 only are 6s)
Harford Run improvement loan
Endorsements for Western Maryland RR.
do
do
Union Railroad
Bangor, Me—City debt proper
j
7,306,546
5,000,000
1,000,000
2,211,068
410,353
555,566
1,000,000
1,000,000
1,000,000
...
100 Ao.
100
1874
1875
1869
1869
121,000
100,000
500,000
1,000,000
1,000
500 Ac.
-
1,000
1,000
925.000
Various.
180,500
193,000
Various.
425,000
403,750
420,600
2,740,000
11,145,500
2,359,000
....
....
....
.
City debt and Roxbury and Charlestown.
Various.
West Roxbury
Burnt district, sterling loan
Consolidated street improvem’t, sterling loan.
Mystic water debt, assumed
....
.
.
9
....
....
1873
£100Ac
1869
£100Ac
1862 to ’76
1,000
1866 to ’76
1875 A'78
1878
1872
£100 Ac
....
do
do
do
do
do
do
do
do
do
cent
....
cent
....
Sterling
5 per
43s
4
1,795,000
450,000
490,000
328,000
257,000
4,997,604
3,205 934
1,127,000
4,901,000
cent gold.
do
do
Brooklyn—Brooklyn local improvement loan...
1875-’7C
1879
1879-’80
1861
Mount Prospect Square loan
1857
Soldiers’ aid fund loan
1865
Gowanus canal improvement loan, local
1866
Bushwick avenue
do
do
do
1865
BouthSeventb st.
do
do
do
1866
Union street improvement loan, local
1867
Fourth avenue
1862 A '67
do
do
do
Wallabout Bay
1867
do
do
New York Bridge loan, registered and coupon
1870
Bonds for N. Y. A Brooklyn Bridge, cp. or reg.
1876-’79
1860 to ’73
Prospect Park loan, registered and coupon
....
...
Prospect Park loan
1860 to ’72
1857 to ’72
1872 to’75
Permanent water loan
do
do
....
....
....
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
314,000
3,000,000
7,432,000
8,019,000
1,217,000
8,228,500
1,439,500
Albany.—The loan to Alb. A Susquehanna is secured by first mortgage.
1880; 69,422 in 1870.
Atlanta—The total bonded debt Jan. 1.1882, was $2,196,500. Assess
ed value real of estate in 1881, $14,721,833; personal, $7,474,258.
Population, 37,409 m 1880; 21,789 in 1870.
Augusta.—Of this debt, $600,000 was issued for railroads, and balance
Sinking funds, Jan. 1, 1882,
$173,750. Taxable valuation In 1881: Real estate, $9,225,675; per¬
sonal, $5,681,838; tax rate, $1 58*3 per $100. Population in 1870,
15,389; in 1880, 21,891.
Baltimore.—The fiscal year of Baltimore ends now with December 31
The total of all sinking funds, December, 1881, was
$8,150,286. The
Baltimore & Ohio Railroad pays interest on $5,000,000: Water loan is
paid by income or water works, and Public Park by City Passenger Rail¬
way, and against a total debt of $36,381,351 the city has $20,121,594
productive assets (including the sinking funds), leaving'$16,081,595,
against which are held $5,150,780 of unproductive assets; interest is
raised by taxation on $12,916,386 of debt. Population in 1870, 267,354,
in 1880, 332,313. Assessed valuation and tax rate have been:
Real
Years.
1879
1881
....
Personal
Total
Estate.
Property.
Valuation.
249,266,595
244,043,183
252,900,000
247,230,189
179,958,592
183,580,023
187,387,000
185,197,157
187,240,000
Assessed valuation is
near
70,308,003
60,463,158
65,613,000
62,033,032
60,000,000
the full cash value.
247,240,000
Rate of Tax
per $1,000.
2,711,460
6,352,973
2,803,258
Ma.T 1.1904
f©*>-1’1893-1912
Feb. 1.
„
May 1,1883 to’85
do
.
do
do
do
do
|.
J. Balto., Farm. A Plan. Bank.
Q.
Balto., Farm. A Plan. Bank,
J. & J. Balto., N. Mechanics’ Bank.
do
do
do
I—J.
J.
M. & N.
jm 1890
J., 1902
Jan, 1,1904
Jan. 1,1897
Sept. 1,1885
1882 to 1905
July 1,1890
J^l; 1916
July, 1916
After
Balto., Nat. Mechanics’ Bk.
do
1886 A 1892
J- &
J- A
Juiyi. 1911
Augusta.
do
do
do
1883-4-5^
July 1,1905 to’10
1895-’97
do
Sept. 1, 1893
Sept. 1, 1893
Sept. 1, 1890
Jan. 1, 1895
Jan. 1, 1890
Jan. 1, 1886
July 1 1884
April 15,1900
Maroh 7, 1902
do
do
After 1885
City Register’s Office.
After Nov.1,1920
Q.—J. Balto., Farm. A Plan. Bank.
July 1,1900
J. A J. Balto., N. Mechanics’ Bank,
Jan. 1,1902
do
do
Q.—F.
April 9,1900
A. A O.
do
do
Oct. 31,1886
J. & J. Balto., Nat. Merchants’ Bk.
July 1,1894
J. & J. Balto..'City Reg’ter’s Office. After Jan.
1,1920
J.
J.
& J. Balto., N.Mechanics’ Bank. Jan. 1 ’90 A
1900
& J. Baltimore, Franklin Bank.
Jan. 1,1895
Various Boston, Merchants’ N. B’k.
1882 to’92
do
J. A J.
do
Jan. 1,1894
do
J. & J.
do
July 1,1905
do
J. & J.
do
Jan. 1,1894
do
A. & O.
do
April 1, 1899
M. & S
City Treasury.
1887 A 1897
Various Boston, Second Nat. Bank.
’83, ’85 A’98
A. & O. City Treasuryand Boston,
April 1, 1891
do
J. & J.
do
July 1,1883 to’99
do
Various
do
1891 A 1902
Various Boston, Treasurer’s Office,
1882 to’87
ao
do
Various
1882 to’97
do
do
Various
1887-1901
A. & O.
do
do
Apr., 1890 A 1900
do
A. A O.
do
Oot.. 1889
do
ao
Various
1887
do
Various
do
Various.
do
do
Various
1883 to 1891
A. A O. London, Baring Brothers,
April. 1893
do
J. & J.
July, 1899
Various Boston, Treasurer’s Office,
1882 to’94
do
do
Various
1897 to 1908
do
do
Various
1907-1908 *
A. A O.
do
do
1908
A. & O. London, Baring Brothers.
Oct., 1902
Boston, Treasurer’s Office,
& O.
4 g.
7
6
7
7
7
7
7
6 A 7
7
do
do
& O.
3rL A N.
J. A J.
J. & J.
J. A J.
J. & J.
4^.
do
do
J.
J.
7
J.
J.
J.
5, 6 A 7
7
6
6
7
J.
J.
: J.
& J.
A J.
A J.
A J
A J.
A J.
A J.
A J.
A J.
A J.
'
Brooklyn,
do
do
do
do
do
do
do
do
§
ao
3
a
p*
.
do
do
do
a
9
do
do
do
1905-1908
1909
1909-1910
1891 1887
1885 to’90
1882 to 90
1882 to’90
1882 to’90
1882 to’86
1882 to’95
1882 to’90
1899-1924
1905 to 1920
1915 to'24
1915 to’24
1882 to 1912
i
Municipal property, including water works, about $800,000
Popula¬
tion, 10,851 in 1880; 18,829 in 1870.
Bath, Me.—The city holds a first mortgage on the Androscoggin road
for the debt, and second and third mortgages on the Knox A Lincoln for
its proportion of $895,000 out of a total or $2,395,000 bonds issued by
several cities in aid of the latter road. Tax valuation, 1881—real estate,
$2,703,425; personal, $3,807,910; total, $6,511,335. Tax rate, $25
per $1,000.
Boston.—The population of Boston in 1880 was 362,839; in 1870,
250,526. against 177,840 in 1860. Tiie total funded debt April 30,
1882, was $40,163,312,and net debt,'$24,261,661. The tax levy in 1882
is divided as follows: State, $825,480; county, $291,200; city, $8,768,073. The rate on $1,000 on valuation of 1882 is as follows: State,
$1 12; county, 29 cents; city, $13 69; total, $15 10, against $1390on
valuation of 1881. Assessed valuation on May 1 for five years have been:
Years.
187*
1879
1880
1881
1882
Real
Estate.
$440,375,900
428,786,300
437,230,600
455,388,600
467,705,100
99; V. 33, p. 93.)
........
—(V. 32, p.
Personal
Estate.
Tax
Rate.
$190,070,966
184,545,700
$12 80
12 50
15 20
201,858,600
210,165,997
204,785,000
13 90
15 10
Net Debt.
$26,159,777
26,229,666
27,842.104
26,005,620
24,261,661
Brooklyn.—The whole city debt was as follows on January 1.1882:
$20,857,000: water loan. $9,830,500; temporary
debt, $7,239,551; tax certificates, $4,270,000; total, $42,197,051; less
sinking fund, $4,022,629; net debt. $38,174,421. Tax rate 1880, $26 90.
19 00
15 00
13 70
Permanent debt.
13 70
Population in 1870, 396,099, against 566,663 in 1880. Valuation of
property and tax rate per $1,000Tor five years have been:
Years.
Real.
Personal.
Kate.
1877
$31 72
..$216,481,801
$13,111,215
1878..
218,373,093
14,968,911
27 00
220,363,409
12,562,500
,25 50
11,215,794
223,620,197
26 90
1
240,128,905
15,137,040
23 77
The debt of Kings County, separate from the debt of Brooklyn, 18
about $4,000,000, of which the city is responsible for nineteen*
13 70
Bangor, Me.—The loans to Eu. A No. Am. R. R. to BangorA Pis. R. R.
are secured by first mortgages on those roads, aud interest
mostly paid
from the earnings. Valuations (near full value) and tax rate have been:
Years.
Real Estate.
Personalty.
Tax rate.
$6,598,927
$3,043,534
21*33
6,381,853
2,692,211
22*50
6,373,068
do
J.
*
150,000
177,000
260,000
207,000
M.
M. A N,
M. A S.
M. & S.
M.
5
7
5 g.
5 g.
5 A 6
6
5
4
5 g.
5 g.
140,000
&
&
&
A
& J.
March, >80 to 1900
1910-’21
Balto., Farm. A Plan. Bank.
& N. Balto., Nat. Merchants’ Bk.
4*2
552.000
The valuation of Albany County in 1882 was, approximately: Real
estate, $81,604,218; personal, $7,847,366—estimated to be about threefourths of true value. City tax rate 1882, 1*86. Population, 90,758 in
for canal enlargement, water works, Ac.
13,000
588,000
1,947,274
3,552,000
268,000
362,000
213,000
90,000
Boston, Merchants’ Bank. Feb., 1885 to
^
S.
New York,
N.
do
N. N. Y., Merchants’ Nat. Bk.
N.
do
do
A
do
do
A.
do
do
J.
do
do
N. N. Y., Del. A Hud. Canal Co.
J. AtlantaAN.Y.,Am.Ex.N.Bk
J.
do
do
J.
do
do
do
J.
do
J.
do
do
S.
do
do
Q.—J.
4k>g.
'
A.
J.
Various
6
117,000
F. A
M. &
M. &
M. A
M. &
F. &
F. &
J. A
M. &
J. &
J. &
J.
J.
J.
M.
5A 6
6
5 A6
4
6
6
6
6
6
6
6 A 7
5 A 6
6
6
6
6
5 g.
6
4
4 g.
1,580,000
1,015,300
4,000,000
450,000
'
1861
Various.
Knox A Lincoln Railroad ($23,750 each year)
1869
Various.
do
uo
do
u<
(F.AA. and M.AS)..
1871-’72 Various.
)oses. war debt. Ac
1852 to ’64
Boston—Citypurpo
1,000
City debt and Rc
Loxbury and Charlestown .... 1864 to’80
1,000
ao'
1878-’82
register
registered
do
do
1880
do
do
1879
do
do
1877
do
500.000
1,029,061
45,000
800,000
1,000,000
Androscoggin Railroad
5 per
4 per
185,723
5,000,000
1858 to ’72 100 Ac.
Knox A Lincoln RR., for stock and coupons.
do
6
8
7
8
7
8
10
5
7
6
5
5
6
6
6
6
6
6
6
6
6
5
4
6
1,375,000
Municipal loan
Water loan bonds, coup. (Act Feb. 22, 1875).
European A North American Railroad....
Bangor A Piscataquis Railroad
Bath,Me.—Fund, debt ($78,000are6s,’97, J.AJ.)
do
....
2,060,000
'
892718781
Funding loan, reg. stook, tax free..
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
Park improvement loan
Five million loan to Baltimore A Ohio RR....
6
1,000,000
265,000
400,000
418,000
430,000
77,000
52,000
68,500
Where payable and by
whom.
Payable
7
448,000
1,024,000 4, 5, 6, 7
7
115,000
7
30,000
6 A 7
1,100,000
6
165,000
500 Ac.
250 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ao.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ao.
100 Ac.
100 Ac.
100 Ao.
100 Ao.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
When
Rate.
$150,000
500 Ac.
1877
1875
do
do
outstanding.
1,000
1,000
1,000
1,000
1,000
1,000
1877
INTEREST.
Amount
$1,000
1,000
1,000
1870-’71
1870-’81
1874-’77
7s)
Western Avenue improvement bonds
New City Hall
Bonds loaned to Albany A Susquehanna
do
[Vol. XXXV
great favor by giving Immediate notice of any error discovered In these T>bl««.
DESCRIPTION.
For explanations see
SECURITIES
twentieths.
(V. 33, p. 743; V. 85, p.:372.)
pniia^Hbera
will confer a great favor
Size
explanations see notes on first page of tables
1879-80-81
1862 to’81 l,000Ac
1868 to’81 l,000&c
1877-81 l,000Ac
1864
1,000
1863
1,000
1856 to ’76 500 Ac.
1873-’74 500 Ac.
500 &c.
1874-5
....
S!“^.-Funded debt bonds
Water
works bonds
bonds. -
Mass.—City bonds
bonds
Cambridge,
City
do
do
do
..
1866
1866 to ’77
1865
1867 to ’75
Water loan
do
do
do
Amount
outstanding
1878-9-80 $1,000
1877-8-9
1,000
1873
1,000
Boulevard bonds . o^mDorary tax certificates
Tax loan
or
par
Value.
^werage^Sdbon^l continuous, local. ...
Esment fund bonds, continuous, local.
1,000
500 &c.
1,000
1,000
1,000
$1,175,000
3,130,000
842,000
4,270,000
3,695,500
3,029,382
703,733
100,000
150,000
1,597,000
689,000
514,000
100,000
774,000
55,000
138475781
1869-71
Charleston, 8. 0.—City
dty bonds, coupon
stock
bonds, coupon
...........
Conversion bonds, to redeem past-due debt...
1853 to ’54
1866
Chelsea, Mass.-Funded
Funded debt, coup
debt, coup
....
....
.....
-
....
500,Ac.
-
.
1,000
100, Ac.
....
1882
500 Ac.
f
do
1880
-
improvement bonds
Municipal bonds
Municipal and School bonds
Municipal bonds (refunding loan)
Cook County debt
Cincinnati-- Loans to Railroads.F,A, G,H,IA M
Bonds to 0.& M. RR. to purchase whf. prop.N
Bonds for erection of a workhouse
Bonds for Water Works
C2AC3
P
Bonds for Common School purposes
Bonds to O. & M. RR. to purchase whf .prop.. N
Bonds for ext. ana impr. Water W. .C, D. A E
Bonds for funding floating debt
A2
Bonds for new Hospital
6AS2
Bonds for funding floating debt
L
Extension and improve. Water Works... K AF
Bonds to purchase Orp’n Asyl. grds. for park.O
River
500 Ac.
*
1881
1865 to ’80 500 Ac.
1843 to ’54
1,000
1855
1,000
1868
1,000
1868
1,000
1860 to’61
1,000
1855
1,000
1847 to’50 500 Ac.
1847 to ’48 500 Ac.
...
...
1867-’68
are
gold 6s)
Floating debt bonds, coupon
Park improvement
Water-works bonds
Bonds for McLean Ave. sewer
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1853
1853
1858
1869
1869
1869
1871
1871-’72
1871
1872
1872
1876
1879
1874
1875
1875
Cincinnati Southern RR
($3,200,000
....
1,000
1,000
.
Bonds for sewerage
R
Bonds for improving Gilbert avenue
U
Bonds to build Eggleston avenue sewer... .B3
Bonds for improvement
W
Bonds for Water Work purposes
C4AC5
General improvement
W2
D1
U2
110,000
992,000
100,000
106,000
200,000
153,800
132,000
1,000
^
Water loan
Water loan (refunding)
Sewerage bonds
3,372,900
1,000
1,000
1,000
....
Chicago—Water loan
do
do
do
100 Ac.
....
bonds
do
do
do
....
1879
do
do
notes
Water loan, coup
Sinking fund
162,000
92,450
160,500
138,200
500,000
....
....
coup, or reg
do
485,000
....
....
Fire loan
500 &c.
1,000
500 &c.
1,000
1,000
1,000
1,000
1,000
1876
1876-’77
Street improvement bonds, short
1880
Consol, s. f. bonds, 30-50 yrs. (Act Apl. 9, ’80.
1881
Deficiency loan (redeemable after 1891)
Cleveland— Water works ($200,000 are 6 p. ct.). 1872 to ’76
Wfltcr works
1882
Funded debt ($203,000 6s, $32,000 5s)
1869 to’81
Lake View Park
L872 to ’80
Canal and canal lock ($11,000 are 6s)
1874 to ’79
School ($100,000 are 6 p. ot.)
1868 to ’71
House of Correction
1868
Main sewers, special assessment
Various.
Street improvem’ts do
Street damages, Ac., do
1876-77-78
Infirmary and River dredging
3,490,000
3 3,000
2,133,000
490,000
2,608,000
186,000
2,536,500
843,500
4,941,500
750,000
210,000
250,000
300,000
99,000
195,000
397,500
146,500
750,000
1,000
100 Ac.
600,000
576,000
8,362,000
4,981,000
1,844,000
1,000,000
50,000
300,000
175,000
50,000
395,291
1,337,000
500,000
800,0/00
■
100,000
275,000
250,000
184,000
416,500
462,500
710,000
103,000
Viaduct (mostly F. A A., A. & O. and J. & D.) 1873 to ’78
Funded debt bonds
1882
1,000
2,138,000
Buffalo.—In 1875 real and personal property was assessed at
; in 1876 rule of valuation changed and assessment was
$111,995,905. Since that date valuations and tax per $1,000 have been:
Years.
Real estate.
Personalty. Tax Rate.
$39,968,105
$8,844,705
$12 43
80,929,165
7,947,380
17 60
7-10 of Erie county debt. Coupon bonds are exchange¬
able for registered. Tho interest on different bonds is 3*a, 4, 4*2, 5, 6
Buffalo also pays
and 7 per cent.
Rate.
Population, 155,134 in 1880; 117,714 in 1870.
Cambridae, Mass.—The sinking funds amounted to $1,784,022, No¬
vember, 1881. The investments are nearly all in city bonds at par and
stamped “ not negotiable. Tax valuation, 1879, $49,238,098 ; in 1881,
real estate $39,124,300, personal $12,552,190; tax rate, $16 per
$1,000.
Total debt, November, 1881, $4,737,063. Population, 52,669 in 1880;
86,000
ptorleston, 8. C.—Tho bonds of Charleston are mostly held within the
of South Carolina.
Conversion bonds of 1879
issued in
are
112
Real Estate.
-
7
6 A 7
{879
|8S0
17,137,255
15,017,595
I?1*
15,182,845
-Popjdation, 49,984 in 1880; 48.956 in 1870.
Chelsea, Mass.—Sinking fund.
6
6
6
6
6
6
6
6
6
7
7
4
$8,108,706
6,272,458
6,555,864
7,244,212
yieia
limited to 5
on
,
Equalized Value.
Roil Estate.
>
Personal.
Tax
Rate.
..$116,082,533
1879....
1880....
$ >2.317,615
$27 40
104,420,053
27,561.383
26.817, h 06
28,101,678
Years.
1860
..
..
..
..
91,152,229
89,031,955
90,099,045
29.052,906
95,881,714
29,052,906
32 01
33-33
3472
33-72
Buffalo and New York.
do
do
do
do
July, 1882-’86
O. Boston, Bank Redemption.
April 1,1889
J.
Jan. 1,1893
Boston, Tremont Bank.
J. Boston, Bank Redemption, Jan. 1,1882 to ’96
J
do
do
Jan. 1, 1903-4-6
O.
do
do
Apr.A Oot. l,’84-6
do
J.
do
July 2,1886
J
do
do
July 1,1882 to ’97
do
A.
do
Aug. 1, 1883
0.
do
do
Apl. 1,1887-1895
N.
do
do
May, 1889-1891
1868 to ’98
Charleston.
Q.-J.
do
Various
1883 A ’98
J. A J.
do
1890
A. A O.
do
1888 to 1897
J. A J.
do
Jan. 1. 1909
1882
A. A 0. Boston, N. Bk. Redemption
do
do
1882 to 1895
Various
Feb. 17,1883
F. A A.
do
do
A.
J.
J.
J.
A.
J.
J.
F.
A.
M.
A
A
A
A
A
A
A
A
A
A
6
7
1882-1890
4*2
6
6
6
7
7
M.
J.
F.
M.
M.
Boston, N. Bk. Redemption
F. A A
....
J. A J.
J. A J.
3-65 J. A J.
J. A J.
7
J. A J.
4*2
J. A J.
7
J. A J.
6
7
J. A J.
4
4*2 to 7 M. A N.
6
Variouo
M. A N.
6
7 3-10 J. A D.
7 3-10 Various
J. A J.
6
M. A N.
6
6
A. A O.
M. A N.
6
7 3-10 Various
6
J. A J,
6
Various
M. A S.
6
7 3-10 M. A S.
7 3-10 M. A 8.
7 3-10 A. A O.
7 3-10 M. A S.
F. A A.
7
J. A D.
7
J. A J.
7
7 3-10 J. A J.
6g. or 7*3 M. A N.
M. A N.
6 A 7
7
7
5 A 6
7
5
4
6 A 7
3'65
A N.
A
A
A
A
J.
A.
N.
N.
M. A N.
J. A D.
Various
M. A S.
Various
6 A 7
6 A 7
7
Various
Various
A. A 0.
Various
Various
5, 6 A 7
5, 6 A 7
5, 6 A 7 Various
6
Various
5, 6 A 7 Various
4
M. A
S.
Aug. 1,1887-’95
1905
N. Y., Am. Ex. Nat. Bank.
1897 A ’98
do
do
July 1, ’88 to ’95
do
1902
do
do
1884 tu ’95
do
do
do
July 1, 1900
do
.
do
1890 to ’95
do
do
July. 1895 A ’96
1885 to ’99
do
do
1901
do
do
N. Y., Metropolitan Bank.
May 1,1885-’92
N. Y., Am. Exohange Bank.
1882 A ’84
do
do
Nov., 1885
do
do
June, 1888
1888 A 1889
do
do
do
do
Jan., 1890
do
do
Nov., 1890
do
do
April 1,1895
do
do
March, 1897
1897
do
do
do
do
Jan., 1900
June A Oct., 1900
do
do
Cincinnati.
March, 1908
N. Y., Am. Exch. Nat. Bk.
Sept., 1899
do
do
8ept., 1899
do
do
Oct., 1899
March 1,1886
do
do
do
do
Aug., 1886-’97
Dec. 1,1891
do
do
do
do
July 1, 1902
do
do
July 1, 1902
New York or London.
May 1, 1906
N. Y., Am Exoh. Nat. B’k. Nov. 1, 1908-’09
do
do
May 15, 1904
do
Jan. 1, 1896
do
do
do
Aug.,’85. ’90 A’95
do
do
May 1889-1909
do
do
May 1,1906
1882 to’83
N. Y., Am. Exoh. Nat. Bk. After May 1,1910
June l, 1901
do
do
1892-’93-’95
N. Y., Am. Exch. Nat. Bk.
do
do
Sept. 1, 1902
1883 to’96
do
do
do
1882 to’92
do
do
do
1894 to ’96-’98
3 882 to’88
do
do
1883 A’84
do
do
do
1882 to’92
do
1882 to’84
do
do
do
1882 to’86
do
1881-’82-’83 to ’87
do
do
1893 A 1907
do
do
do
do
Sept. 1,1887
=>
•
named there remains
amounts, as follows: $108,000 5s, November,
Real
Estate.
$61,620,904
78,736,482
123,427,888
119,621,856
121,479,280
123,231,790
125,976,835.
127,143,900
128.820.270
129,043,880
Personal
Estate.
Total
Valuation.
$31,411,912
$93,032,716
136,107,236,
180,361,932
175,084,296
185,645.740
181,950,074
184,498,565
183,952,968
57,370,754
56,934,044
55,462,410
64,166,460
58,708,284
58,521,730
56,809,066
50,609,872
43.830,188
128,473,130
40,832.505
129,956,980
37,578,376
120,045,230
138,342,188
41,359,163
28,643,917
179,430,142
172.874,068
169.305.635
167.535,356
16l.404.3v3
166.986.105
Tax per
$1,000.
$17 45
31 60
22 20
20 10
23 06
23 38
24 82
27 04
29 10
28 54
28 98
31 00
22 20
23 82
Tho city is tho solo owner of the stock of the Cincinnati Southern Rail
road, leased as per terms, V. 33, p. 281, and with the waterworks and
other property owns real estate assets put at $35,775,000.
In 1880
tax rate was $31 per $1,000, and tu 1882 $22 50.
i v. 32, p. 526.)
28 63
..
1883
1882-3-4
1882 to 1925
1882 to 1925
f Nassau Bank, l
....
1870 to 1879:
20 00
25 00
22 50
much above the interest charge on tho debt
Years.
3 years from date.
3 years from date.
1884;
$56,000 (YY2, & O.) 6s, 1886-88; $17,000 6s (Q.), November, 1890;
$27,000 6s (A.), March, 1897; $50,000 (H2.), August, 1897. City holds
$950,000 of Cincinnati Southern bonds in sinking funds. In 1870 the
population was 216,239, against 255,139 in 1880. The following table
from the books of the Auditor of Hamilton County, Ohio, exhibits the
assessed valuation of the city of Cincinnati in the year 1860, and from
$22 50
account of tho Water Works, which
f
J
paid at
Cincinnati.—In addition to the issues above
per cent of the Illinois State valuation.
tlVlded d(d)t, $3,955,000 is
an inoomo
do
Cour/ons
.
5*2
several smaller
fund, January 1, 1882. $182,082, and gross
debt, $1 661,800.
Tax valuation. 1881, $15,701,537; tax rate, $19 00.
Population, 21,782 in 1880; 18,547 in 1870.
C/w^firo.—The net funded debt January 1, 1882, was $12,752,000.
r\*
J. A J.
3*2 to 7 Various
3*2 to 7 Various
3*2 to 7 J. A J.
5
5 g.
6
Due.
Whom.
Payable
of its true value
Population in 1870 was 298,977, and in 1880, 503,185. The South Park
West Chicago Park and Lincoln Park loans are not debts of the city
but of distinct corporations.
(V. 34, p. 574.)
per $1,000 have been :
Personal Prop.
Tax Rate.
$18,313,450
Payable and by
The assessed value of real estate is about one-third
exohange for eity stock. Valuations and tax rate
i-ears*
Where
4,5,7 J. A J. Brooklyn.)
do
l
4, 5, 6, 7 J. A J.
o»,oo4 in 1870.
otate
Principal—When
When
1,845,000 4, 5, 6, 7
7
Various
318,250
.
$91,130,870
60,000
175,000
100,000
150,000
150,000
100,000
136,000
450,000
Hospital bonds
J877
1878-
IX
by giving Immediate notice of any error discovered In thege Tables
INTEREST.
Date of
Bonds.
description.
For
SECURITIES.
CITY
1882.]
December,
and street open lug bonds
special local improvements, and redeemed by assessments on the
Cleveland.—Tho sower, streot improvements
are
for
property benetttted. Assessed valuation, tax rate,
funds have been:
debt andjjsinhuag
CITY
SECURITIES.
Uot XXXV.
<•
DESCRIPTION.
‘iPor explanations see
notes on
Date of
bonds.
Size
par
first page of tables.
Des Moines, Iowa—Renewed
judgment bond—
Funding bonds
Detroit,Mich.—For Water W.Co., on city’s credit
Public Building stoekjCity Hall) bonds
Public sewer bonds ($40,000 are 6s)
Bonds for purchase Belle Isle
Elizabeth, N. J — Improvement bonds
value.
1875
outstanding.
$1,000
175,000
1,000
1,652,000
Funded debt bonds
School House bonds
Market House bonds
Consolidated improvement bonds
Funded assessment bonds.
Tax arrearage bonds
New compromise bonds.
1,000
06,000
1,000
2,412,000
690,000
100,000
247,500
728,000
1,000
1,000
1,000
88,000
996007788117888811
Citv wharf bonds
E. C. AP. RR. bonds
do
do
Water works bonds
:.
-
.
do
do
do
do
jFuII River, Mass— City notes
1868
1869
1870
1870
1870
1876
1876
1877
1878
1881
•
City bonds
•
•
....
1.000
1872
1873
Water loan
1871
do
1875
Galveston, Texas- Bonds for various purposes... 1869 to ’75
Limited debt bonds
(sinking fund 2 per cent). 1877-8-9
do
do
1,000
Large.
Water bonds
do
do
F. RR )
Park bonds (4 of these bonds
Funded debt
100
1882
1865-’70
1875
1879-’80
1881
1,000
1,000
1,000
for
$500 each)
.
Capitol bonds
•
■
1,000
1,000
1,000
1,000
1,000
•
1873
1879-’80
1863
Hartford town debt3 to railroads 10-25
do
do
war
loan
Railroad loan
do
do
Indianapolis— Bonds
•••••»
($60,000
u
are
j.
& J.).
(mortgage).
1874
1874
1875
Purchase-money bonds—Southern Park
1874
Jersey City—Water loan bonds, mostly coupon 1852 to ’67
Water loan bonds
,mostly coupon
1869 to’73
do
do
do
1877
Forty-year bonds
1873
Improvement bonds
1871
do
do
1872 to’76
Morgan street dock
1870
Funded debt bonds
1872
Old Jersey City bonds,
coupon
Various.
Hudson City bonds
Various.
Bergen school loan bonds
*...
1869
Bergen street improvement bonds
1869
do
bounty loan
Various.
Greenville street improvement
bonds, Ac
Various.
Assessment funding bonds
1875-’76
Revenue bonds, coupon or
registered
1876
Temporary loan
1878
Bonds to fund floating debt. Ac..
coup, or reg.
1879
Bonds to pay maturing
bonds, Ac
13S0-’l
Real and
Personalty.
$70,548,104
349,600
417,000
475,000
500,000
300,000
300,000
300,000
200,000
109,500
1,163,000
3,109,800
416,000
622,000
1,869,000
2,161,500
125,000
500.000
837,400
162,550
150,000
400,000
73,000
44,000
900,000
400,000
200,000
1,353,000
600.000
1,000
1,000
500 Ac.
1,000
1,000
1,000
1,000
Various
1,000Ac
1,000Ac
Vari ous
500 Ac.
1,000
...
Years.
510,100
Tax per
,
•
•
•
•
Total Bonded Debt
1,000.
General.
$15100
$6,201,000
Special.
$2,390,100
1,589,000
1,176,200
do
do
1892 to’94
1899
City Treasury.
1879 to’81
1882 to’95
1S82 to’93
do
do
do
do
A. A O.
M.
M.
J.
J.
J.
A.
M.
J.
A
A
A
A
A
A
A
A
N. N.
N.
D.
D.
J.
O.
N.
D.
1882 to ’86
1885 to ’96
Y., Farmers’ L. A Tr. Co.
do
do
do
do
do
do
do
do
do
«
6
g.
F. A A.
M. A N.
1, 1890
Dec. 1, 1895
July 1, 1895
April 1, 1906
May 15,1906
do
do
do
June 1, 1907
April 15,1908
Feb. 1,1911
1882 to 1895
1883 to 1891
do
Boston, Revere Bank.
Boston, Bauk Redemption.
do
do
do
do
do
6
-
May *i; 1898
JJay 1, 1899
Dec.
do
do
do
do
do
do
City Treasury.
Various
6
.
M. A N.
F. A A.
6
6
4^
155,000
1,000
1,000
Various
Various
Various
Various
1883 to 1906
1883 to’91
<
>
do
do
do
do
do
Aug. 1,1894
May 1,1895
May 1, 1895
1896-1898
Feb. 1, 1900-1909
Nov. 1,1892-1906
Aug. 1,1899-1905
■
155,000
271,000
250,000
226,500
500
do
do
....
F. A A.
7
6
6
6
10
8
5
6
6
65
5
6
6
110,000
203,000
1,000
1,000
1,000
1,000
F. A A.
...
6
6
400,000
300,000
100,000
348,300
1,000
1873
1869 to ’70
1877
1873
•
550,000
200.000
50,000
500
1874
1872
July, 1885
JuVY, 1888
do
Various N. Y., Metropolitan N. Bk.
Various
do
do
'
300,000
1,000,000
1,250.000
1871-’74
to railroads
Ponds to Un. RR. Tr. Stock Yard
Loan bonds, series A
do
do
B
do
do
C
do
do
D
■t
261,860
500,000
450,000
1,000
1,000
1,000
-
5 A
5
5 A
4
5 A
100,000
1,000
do
floating debt
Holyoke, Mass.—City notes
City bonds, sinking fund
York, Kountze Bros.
do
37s, 6, 7 Various
202,000
225,000
125,600
500,000
130,000
1,000
....
are
Ac.
7
7
6
6
6
100,000
280,000
640,000
600,000
450,000
1000Ac.
1,000
1,000
1,000
1,000
1,000
7 3-10
100,000
100,000
1,000
1,000
1,000
1,000
New
....
7
7
7
7
200,000
300,000
300,000
105,000
1.000
1.000
Fitchburg, Mass.—City notes
City bonds
Galveston County bonds, G. C. A S. F. RR—
Hartford, Con n.—\Vater bonds
96.000
1,000
^
do
do
do
A J.
A J.
J.
....
250,000
100,000
1,000
1,000
Water loan
whom.
(0
1.000
1.000
•
,
do
do
do
do
City bonds (H. P. A
241,000
1882
H. A N. RR. bonds
Redemption bonds
do
do
do
do
....
J.
Principal—When
due.
Where payable and by
payable
7 A 4
7
7
7
6 A 7
4
7
7
7
7
7
598.000
333.500
....
When
Rate.
$229,000
1,000
1S78
1855 to ’80
1859 to ’71
1872 to ’76
1879
1871 to ’74
1870 to’75
1872 to ’73
1865 to ’66
1875-’70
-•
.Evansville, Indiana.—E.
INTEREST.
Amount
or
6
6
6 & 7
6
6
7
6
6
M.
J.
J.
J.
A N.
A J.
A J.
A J.
City Treasury.
Boston, Merchants’ Bank
do
do
Various
M. A
J. A
>1. A
T. A
F. A
J. A
J. A
J. A
F. A
J. A
J. &
J. A
J. A
J. A
S.
D.
N.
J.
A
I).
do
do
July 1,1891
July 1,1905-1906
Galveston.
1883 to’91
do
New York
1893-1909
Galveston.
N.Y., Amer Exch. Bk.A Gal.
City Treas. A Phoenix Bank
or
1920
1902
1890-1895
Aug. 1. 1900
City Treasury.
do
do
J.
J.
June
Suffolk Bank, Boston.
Merchants’ Bank, Boston
A.
J.
City Treasury.
J.
J.
J.
J.
1,1904-1905
Jan., 1906
June 1, 1891
Aug. 1,1882 <&’84
Jan.
do
Town Treasurer.
do
do
Various
Jan.
$10,000 yearly
Jan., 1900
7*3
7*3
J.
A
J.
do
7*3
do
T.
J.
J.
Various
J. A J
do
do
do
7*3
A J.
A J.
A J. N.
do
1883 to 1886
Oct. 1,1889
do
do
do
do
do
do
6
7
6
7
7
7
7
7
6 & 7
7
7
7
7
7
7
6
6
5 A 6
do
do
do
Jau. 1,1900
City Treasury.
Winslow, L. A Co.
•
N. Y.,
do
do
do
do
do
do
do
Various
do
do
do
do
do
do
do
do
J. A J.
M. A N.
Various
Various
J. A J.
Jan.AApr.l, 1894
Jan. 1, 1889 to’90
Jan. 1, 1897
July 1, 1893
July 1, 1893
July 1, 1894
do
Y., Merch. Ex. N. Bank.
J. A J
M. A N
1, 1893
1, 1897
1894-1900
City Treasury.
A. A O.
J. A J.
A. A O
Jan.
J. A J.
J. A J.
J. A J.
7*3
.
May 1, 1908-1909
Nov. 20,1882
July 1,1893
July 1, 1895
Jan.
1, 1899
Jan., 1883 to’95
1899 to 1913
July 1,1907
July 1,1913
May, 1891
1892 to 1906
Juue 8, 1900
do
May 1,1897
do
1882-’90
do
’84-’85-’89&1900
do
Jan., ’98 to 1900
J. A J.
do
July, 1889
Various
do
1884 A 1889
J. A J.
do
olo'
1883-1886
Various N. Y., Merch. Ex. Nat. B’k„
1905-1906
J. A D.
do
do
June 1,1886
F. A
A. N.
Y., Merch. Ex. Nat.
do
-
Demand,
B’k.
Feb. 1,1909
do
1910
Fall River, Mass.—The sinking funds amounted to
$440,197 Jan. 1,
1882.
Total debt, including water
debt, $3,455,860.
Population,
48,961 in 1880; 26,766 in 1870.
73,047,694
15i«oo
6,326.250
79.58C.156
Fifchburg, Mass.—Sinking fund, $182,284.
14i20
5,888,250
Population, 12,270 in
—Population, 160,146 in 1880; 92,829 in 1870.
1885; 11,260 in 1870. Valuation, tax rate per
$1,000, Ac.:
Years.
Real Estate. Pers’l Prop’ty. Tax.
Ves Moines, Iowa.—Assessed valne
Debt.
of property, $5,104,240, which is
Sink’g Fd-.&o.
1879
«b<rat 50 per cent of true value.
$6,820,575 $2,208,818
17 80
$895,803
$158,706
Tax rate, $5 per $100.
Population in
1870, 12,035 ; in 1880, 22,400.
6,868,225
2,264,619
17 60
915,523
188,817
1881
6,993,700
2,530,164
18 00
873,523
182,284
Detroit, Mich.—The population in 1870 was 79,577; in
1880,116,340. —The assessed valuation of real estate is about the cash value.
The value of water works is
$3,032,708, against a debt of $1,652,000.
The water works bonds are issued on
Galveston, Texas.—Assessed value of real and personal property,
a
of the
^75,000 per year collected in taxes to pav pledge them. city credit, aud 1881-82, $17,625,862. Tax rate, $1 50 on $100; 1882-83, tax rate Rh*
int. on
Assessed valua¬ In
tion, in 1880-81—real
April. 1882, the Galveston County 10 per cent bonds were called to
property.
personal, $26,069,252; and 6 per cents issued instead.
total* $94,489,407, which is made$68,822,155; of
Population m 1870,13,812; in 1880,
on the basis
true value. Tax rate,
22,248 ; 1882, estimated, 32,000.
$12*09 per $1,000.
Hartford, Conn.—Total city debt, April, 1882, $2,957,000; net, after
Elizabeth. N. ./.—Default was made in interest
Feb. 1, 1879.
Suits on deducting resources, $2,117,139. Town debts,
bonds are pending.
$1,808,308; net, $1,283,Total bonded and floating debt July,
598. Assessed valuation in 1881,
1882, $0,700,OOO. The proposition to issue
about $47,500,000. Population,
bonds for 50
42,553 in
1881
per cent of the face of the
<lebt was urged on bondholders.
See V. 35, p. 602. Estimated true
value of real and personal
of about $12,182,035 (see property is much over the assessed valuation
V. 32, p. 612). Population in
1880,28,229;
In 1870, 20,832. Assessed
valuation, tax rate per $1,000 and debt
have been:
Years.
Realty A Personalty. Tax Rate.
Debt.
$16,250,805
2*68
$1,900,000
15,289,888
2*50
5,130,000
14,614,918
3*56
5,380,000
31,530,031
2 12
5.400.000
—V. 32. p. 231, 253.
312, 368, 420, 612; V. 34, p. 32, 177.
342, 003; V.
35, p. 78,
1880; 37,743 in 1870.
Holyoke. Mass.—Bonds all coupon, but can be registered. Sinking funds.
$120,'180. Total net debt, December, 1881, $822,317. Tax valuation,
1881, about $11,0(H),000. Population, 21,915 in 1880; 10,733 in 1870.
Indianapolis—The School
its
Evansville, hid.—No floating debt.
1880, 29,280.
$12,381,475
3881
J 2.9 J 9.300
13,925,825
$1,926,350
5,232,645
5,379,940
$15 00
1 5 00
12 50
$1,551,000
J
,631,006
1,651,000
a
distinct organization and
$39,150,400
38,280,235
Is
„
.
..
$10,873,575
39,100,250
431, 602.)
Population in 1870, 21,830; in
Assessed valuation (true
value), tax rate per $1,000
and debt have been :
Year's.
Real Estate.
Personalty.
Tax.
Debt.
Board is
levies
tax ($2 20 for 1881),
which is included in tax rates. There
are a few other small issues
amounting to about $50,000. Valuation
and tax per $1,000 have been:
Years.
Real Estate.
Personalty.
Total.
Tax.
own
10,930,021
39,003,725
9.813.705
12,837,492
Population, 7i>,0o0 iu 1880; 48,244 iu 1870.
Jersey City.—One of the main causes of embarrassment
found ni the failure to collect
value of railroad
J
$50,029,975
48,099,940
50,030,271
51,901,217
buck assessments
aim
$10*80
9*30
10*70
10*70
in Jersey City
in the immense
property exempt from t axation. The Comptroller, in
eb., JMH2, made the, lollowingstatement in til*
report:
deductions due State and Co.
4o;al taxes overdue Feb. J, less
i otat assessments due and
unpaid
$2,665,055
2,971,500
CITY
1882.J
December,
gi7f»«erlber8 will confer
a
Kansas
Date of
see notes on first page of
Mass.
Funded debt—
....
($30,000 due 1885, $185,000 1891)
0281
....
....
Railroad
1853
1857 to ’67
1873
1866 to ’67
1873
1871 to ’73
1853 to’69
1868
1871
1868 & ’73
stock of L. * N. RR...
;
v - -
improvement of streets
Re-constructing street.
public buildings and institutions
Public school and school bouses
Sewer bonds
For
-------
Water notes
Water bonds
Water notes
m
1870-’3-’5
Various
Various
Various
Water notes
Water bonds
-
City Hall and School House
Manchester, N. H— City bonds
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Water bonds ($100,000 each year)
do
do
do
Bridge bonds
Large.
Large.
1,000
5.000
Large.
Large.
1.000
500 &c.
Post bonds
do
do
....
1870
1*857
....
1882
....
....
do
....
do
....
....
Mobile-Funding bonds
1881
Nashville, Tenn—Various city bonds
1870 to’81
Newark—Bonds, city purposes (s. fund of 1859)
War bonds, floating debt, &c. (s. fund of 1864)
....
....
Public school bonds
Clinton Hill bonds, coup. & reg. (s. fd. 3 p. c.).
Corporate bonds, coup, or reg. (act Apr. 21,’76)
Sewer and improvement bonds (local liens).
.
Aaueduct Board bonds
Tax arrearage bonds
do
do
....
1875
'
1878-’80
1871-’79
....
1876-’80
do
1881
1882
.
New Bedford, M ciss— Bridge and city bonds
1861-’74
1875
City improvement
War loan
....
Water bonds
do
do
8ewer bonds
1876
1867 to ’76
1872-’74
1881
.
341,000
1,000
300,000
900,000
302,000
242,000
1,000
....
;
1,300,000
500 &c.
....
do
do
Western division
do
j
60,000
1861
1871
1876
1882
1872
1872
:
do
1,000
1877
Bridge bonds
Water bonds, coupon
do
registered
Minneapolis, Minn—City bonds
City bonds
do
100 &c.
100 &c.
100 &c.
1867, ’8, ’9 500 Ac.
Funding loan, gold
Mississippi River Railroad bonds
Endorsement Memphis & Little Rock RR
Compromise bonds, coupon
Milwaukee, Wis.—Re-adjustment bonds
General city bonds—
455,000
107,500
150,000
70,000
200,000
400,000
60,000
....
1872
1881
1867 to’68
Memphis, Tenn.—School and paving bonds
340,000
1,000
....
1874
-
77,000
513,000
485,000
350,000
1,408,000
1,000,000
481,000
500,000
1,300,000
75,000
180,000
121,500
848,000
1,000
....
do
134,000
1,000
....
,
City bonds
*
1,000
.
1,000
1,000
1,000
1,000
10,000
1,000
1,000
100.000
100,000
429,000
1,171,000
250,000
70,000
500
50,000
1,000
366,000
500
500
60,000
124,500
110,000
1,000
500
115,000
500
500
100 &c.
125,000
2,221,500
1,417,400
1,000
1,000
1,000
1,000
1,000
1,000
1,000
44,000
1,840,000
1,000
1,000
1,000
500,000
400,000
1,200,000
2,450,000
3,240,000
1,331,000
170,000
Peal Estate.
$54,993,918
}879
-<V. 32,
p.
183, 566
KaTtsasCiuj.Mo
17^« m?llsUiU8’
—
;
54,122,875 ■"
54,619.565
56,125,552
V. 33, p. 153.)
Personal Prop.
$5,340,860
5,343,815
4,786,037
5,640,300
In 1876 assessed valuation
was
1,000
1.000
1,000
200,000
50,000
10,000
1,000
1,000
Tax Rate.
$28 00
28 00
29 80
29 00
$8,923,190, and tax
aBsessed valuation, $24,316,020, and tax rate
Lawrence, Mass—Total debt, ! 1,727,000. Sinking fund, $125,395.
Tax valuation, 1881,
$25,348,6 0; tax rate, $16 00. Population,
39,151 in 1880; 28,921 in 1870.
Total net debt, March 1,1882, $1,169,500; sinking fund,
5lo2,409. The railroad bonds were issued to build the Lewiston * Auburn
owned by the cities of those names.
Valuation in 1882,
2*0,338,160; tax rate, 2^ per ct.
Population, 19,076 in 1880; 13,600
Louisville.—The funded debt, Jan. 1,1882, exclusive of loans payable
by railroads, was $8,759,000, against $8,812,000 Jan. 1, 1881. The sinkmg funds on Jan, 1, 1882, amounted to
$6,296,466, including back
J^es. -Fopuhition by census of 1870 was 100,753, against 123,758
^.„„880. The following flgnres give the assessed property valuation:
Jg". $68,522,947; 1878, $63,194,487; 1879, $64,018,242; IS80, $66,209,440; 1881, $68,753,770, of which $51,587,908 wa* reality. Tax
rate in 1881,
$2 15.
Mass.—All the notes held by savings banks. Water loan sink$309,460; other sinking funds, $88,280. Population, 59,475
in 1830;
40,928 in 1870. Assessed valuations in 1881 (about 80 ixu* cent
SI?J^vulue) were: Real estate, $29,627,847; personal property, $13,108,088; tax rate, $15 70.
Mass.—Total debt, Dec. 21, 1881. $2,208,000; assets, $561,360.
Population, 38,274 in 1880; 28,233 in 1870.
N‘ 11*—There are also $16,000 5s and
$19,000 6s due
Total debt, $953,100. Assessed valuations (about 70 per
or true
value), tux rate per $1,000, *o, huvo boeu:
137,000
45,000
223,000
66,000
100,000
400,000
....
The total debt of the city February, 1882, was
$16,198,951; sinking
funds, $1,254,499.
Population in 1880, 120,722, against 82,546 in
1870. Taxable valuations and tax rate
per $1,000 have been:
-
6
1,302,000
56,000
190,900
600,000
650,000
178,000
81,000
423,000
1,981,000
267,000
1,000
1,000
....
4^2
372,000
1,000
1868
1869
1871 to’74
1871
1871 to ’73
1851 to ’63
1880
1852 to ’75
1871 to ’76
1870
1881
....
limded debt
1,000
1,000
1,000
’54/62,3, 8
Lynn, Mass— City notes
131.000
m m m
6 & 7
6
6
6
6
6
224,500
474,000
....
....
5*2
1,300,000
25,000
100,000
215,000
....
....
;
New
Due.
Various
Various
J. * J.
A. & O.
J. & J.
J. & I).
J. & J.
do
do
do
do
do
do
do
do
do
do
do
....
N.
Various
do
do
do
M. & N
Boston. Blake Brothers.
City Treasury.
do
Boston, Bank Republic.
Treas’y A Bost. Bk. Repub.
do
6
J.
s*
do
Suffolk Bank, Boston.
do
do
J.
J.
4*$
10
8
7
8
7
3 to 5
6
6 & 7
6 & 7
7
7
5 * 6
7
7
7
5
5
6
6
5
5
6
7
4
& J.
& J.
J. & D.
J. & J.
J. & I).
J. & J.
J. & J.
J. & J.
April 1, 1884-'85
May 1, 1893
July 1, 1890 *'95
1887-’92-’97-1902
July 1, 1911
£
Memphis.
Charleston, S. C.
do
do
do
do
do
do
do
do
do
do
1873 to 1902
1873 to 1900
Nov., 1900
July, 1872
City Treasury.
Mil.&N.Y., Morton B. & Co.
1879.. $9,777,744
1881
10,557.892
$7,705,706
$15 00
7,385,416
17 60
j
•
u
*
<
\
t
.
^
;
j
;
H'
y
'■-j
i
b
>
r:
£
if;
|;
&
ct
Jp
ft
■e
Jan. 1, 1902
t'
h
w
%
ii
1
%
n
5
■C,
TiY-
i*i
1$
S
&
1:1
0
Total Debt. Slnk.Fds.Al?
$973,007
1,004,412
$37,34T
38,86a
Minneapolis, Minn.—'Total debt, $1,188,000; tax valuation. 1881,
about $31,188,486; tax rate, 20^ mills; bonds all coupon. Population,
46,887 in 1880 ; 13.066 in 1S70.
Mobile.—Interest was in default from July, 1873. A settlement with
bondholders was offered by act of March 9,1875. In Feb.. 1879. the
Legislature repealed the charter of the city. In Oct., 1880. bondholder®
offered to take new 25-year bonds, bearing 3 per cent for 5
years. 4 per
cent l’or 15 years, and 5 per cent for 5 years.
In l>eo., 1882. the un¬
funded debt was estimated at $188,555.
Valuation of real and per*
sonal property tu 1882, $15,503,130; tax rate, $6 per $1,000. Popula¬
tion, 31,297 in 1880; 32,034 in 1870.
Nashville, Ten n.— Assessed valuation of all property in 1881 was $12,179,450 real property and $3,070,125 personal; tax rate, $20per $3 .OOO.
25.865 in 1870.
Newark.—The bonds in the first line in the table arc payable out of the
sinking fund of 1859, which amounts to $98,448; those in second line
out of
!
§
in 1880; 71.440 in 1870.
;
!
1907
—Population, 32,630 in 1880; 23,536 in 1870.
Memphis, Tenn.—The city has been in default for interest since Jan.
1,1873. The Legislature passed a bill, January, 1879, repealing the
city’8 charter, and the “ Taxing District of Shelby County” was organ¬
ized.
A receiver for the city was
appointed, but U. S. Supreme Court
held such action void. The compromise bonds were issued at 50 cents,
on the dollar. A recent law to re-adjust the debt at 33*3 cents on
the
dollar is yet standing. Assessed valuation of real estate, 1875, $19,329.600; personal, about $6,500,000. Tax rate, $2 per $100. lu 1SS1, total
valuations, $15,112,444; tax rate. $160 on the $100. Population in
1870, 40,226; in 1880, $33,592. (V. 32, p. 70, 183, 396; V. 33, p. 176;
V. 34, p. 147, 604.)
Milwaukee, 1FB?.—The city cannot issue debt beyond 5 per cent of its
average assessed value for tive years. In 1831 valuation wns$58.173,078.
Sinking funds are provided for all the bonds. There Is also about
$47,000 scrip issued to settle old railroad bonds. Population, 115,587
Population, 43,350 in 1880
!;
j?
S
June 1,1891
Jan. 1, 1901
June 1,1896
Jan. 1, 1902
J. & D. New York, Nat. Park Bank.
Dec. 2, 1892
F. & A.
do
do
Feb. 2, 1894
M. & N.
do
do
May 1. 1905
M. & S.
do
do
In 20 or 30 years.
Various
do
do
1881 to 1885
J. & J.
do
do
1886 to 1900
J. & J.
do
do
J lily ,’91-’96-1902:
F. & A.
do
do
Feb. 1, 1S91 *’0
M. & N.
do
do
Nov. 1, 1901
J. & J. N. Y\, Merchants’ Nat. Bk.
Jan. 1, 1906
Various New York and Nashville.
1382 to’99
Various
1883 to ’93
Newark, City Treasury.
Various
do
do
1883 to’91
A. & 0.
do
do
April, 1838, to’ 91
J. & J. Newark, Nat. State Bank.
July 1, 1895
Various
do
do
1908 * 1910
M. & S.
Jo
do
1886, *93 & 1909>
Various
do
do
1879 & 1892
F. & A.
do
do
1886-’90
F. & A.
do
do
1891
F. & A.
do
dO
1S92
A. & O.
18S2 to 1999
City Treasury.
A. & O.
do
1891 to 1910
& O.
A.
1882 to 1884
A. & O.
1900 to 1904
A. & O.
1885 to 1909
A. & O.
1883 to 1909
A. & O.
1887 to 1891
City' Treasury.
Years. Real Estate. Personal Prop. Tax Rate.
..
Nov. 1, 1890
Nov. 1, 1911
1890 to 1894:
1885 to 1890
1891 to 1905
18S4 to 1897
1886 to 1896
Jan. 1,1883-1894'
do
& J.
J,
p
i
July 1, ’93-1913
Oet. 1 ,’97-1907-’17"
April, 1883
1887, ’89, 97
March 1, 18831886,’ 96, ’97
July 1, 1903
1891, ’92 & 1903
City Treasmy.
M. & N.
7 *
6
5
7
7
4
7
7
do
City Treasmy.
■
\\
i*
1594*1899
lM. & N. Boston, N. Bk. of Redemp.
Various
Various
6,7
4, 5, 6 J. & J.
5. 5^, 6 Various
378, 5, 6 Various
6
J. & J.
6
A. & O.
M. & N.
6
6
J. & J.
J. * J.
6
4
J. & J.
8
8
July 1, 1883
July 1,1885*1901
Y., Bank of America.
5, 6
8
Oct. 1, 90, to 1906
Various
Louisville.
J. & J.
N. Y., Bank of America.
Various
do
do
Various New Y~ork, U. S. Nat. Bank.
1883 to’89
J. & J. Louisville, City Treasurer.
July, 1898
J. & I).
N. Y., Bank of America.
June, 1901
Various
do
do
1888 & 1903
Various Louisville and New York.
1883 to 1S9S
A. * O.
do
do
Oct. 1, 1893J. & D.
do
do
1889
Various
do
do
1894 & 1901i
M. & S.
N. Y., Bank of America.
Sept., 1891
J. & J.
do
do
July, 1901 *1903'
Various New Y'ork and Louisville.
1886 to ’93
M. & N.
N. Y., Bank of America.
Mav 1, 1920
Various
1882 to 1894
City Treasury.
Various
do
1886 to 1894
6, 6%
s
/
June 1, 1883 & ’88
do
M. & S.
1890 & *97-1901
1880 to *97
1879-1884
1882 to 1892
July 1, 1894
City Treasury and Boston.
J. & J.
A. & 0.
A. * O.
5
6
6
7
6
7
7
6
6
7
7
6
6
6
7
7
7
6
5
5 to 7
6
4
York, Kountze Bros.
do
do
Boston, Tremont Bank.
....
33,000
....
....
8
133,000
262,000
....
....
ntv
Elizabeth & P. Railroad
Wbarf property
jail bords
For old liabilities
do
do
Louisville, New Albany & St. L. Air Line RR.
Road bed, Louisv., Cin. & Lex. RR
City bonds payable by Louisv. & Nash. RR...
Old liabilities (lialf are 10-40 and half 20-40).
Lowell, Mass.—'City notes
Principal—When
Where Payable and by
Whom.
Payable
7
786,000
....
1859 to ’64 5000*c
1862 to ’75 5000&C
1874
1,000
500 &c.
i873-’75
-
iwJfon^S-City bonds ($25,000 each year).
bonds ($50,000 each year)
do
When
Rate.
$385,000
....
_
LouisvMe, Ky — Subs, to
Water works—
outstanding
$....
•••'.:
INTEREST.
|
do
do
par
any error discovered til these Tables.
Amount
or
Value.
tables
Funded debt
Bonds
Lewiston * Auburn
xiTafpv bonds-
Size
Bonds.
City, Mo—Bonds
Lawrence,
xi
great favor fry giving Immediate notice of
DESCRIPTION.
For explanations
SECURITIES.
sinking fund of 1864, $1,500,082; nubile school bonds out Of
faw«
public school fund, $347,584; Clinton Hill bonds by sinking
$116,034; tax arrearage, $621,075; corporate bends, $134.784;
street
I
XU
CITY
8otwcriber» will confer
a
DESCRIPTION.
For explanations see notes
New Haven,
For Derby
“
“
‘
on
SECURITIES
[Vol. xxxv,
great fttvor by giving immediate notice of
any error discovered in these
Tablw.
INTERE8T.
Date of
Size or
Amount
first page of tables.
Conn.—Sewerage..
“1,000 payable yearly)
Railroad ($20
■
City bonds (10-20 bonds)
New Orleans—Consolidated debt
Railroad debt
Waterworks loan of 1869
Seven per cent funding loan of 1869
Seven per cent funding loan of 1870
Jefferson City (debt assumed)
8treet improvement bonds
Consol, gold bonds (gen’l and
drainage series)
Ten per cent bonds, deficit and old claim
New premium bonds (in
exchange)
N. O. Waterw’ks Co. new
bds.(for $2,000,000)
Newton, Mass.—City bonds and notes
Water loan ($600,000 6s)
New York—Water stock
Croton water stock
New Croton Aqueduct stock
Additional new Croton Aqueduct
Croton water main stock
Croton Reservoir bonds
Croton Aqueduct bonds
Gent. Park fund stock ($275,000
only due ’98)
Improvement bonds
Bonds.
outstanding
par
Value.
1871
1867
1877
1852
1854-55
$1,000
1869
100,000
150,000
m
1869
1870
»
'57, '67,'70
1871
1872
1871
$499,000
1,000
1,000
1,000
1,000
m
51.000
82,700
567,750
375,750
m
.
m
85,500
19,950
130,000
298,250
1,000
1,000
Various.
168179035287709. 81
tf
1864 to ’75 1,000Ac
1875-76-80
1,000
1872
100 Ac.
1846 to ’69 100 Ac.
1865-6
100 Ac.
1870 to ’79 500 Ac.
1871 to '79 500 Ac.
1865 to '74 100 Ac.
1866 to ’70 100 Ac.
1857 to *59 100 Ac.
1879
500
Central Park fund stock
1856
100 Ac.
Central Park improvement fund stock
1858 to *71 100 Ac.
Dock bonds
1870-*79
500 Ac.
Market stock
1865 & *68 100 Ac.
City Cemetery stock
1869
100 Ac.
City improvem’t st’k (part red’mable after '96)
1876
500 Ac.
do
do
1870-’73
500 Ac.
Lunatic Asylum stock
1869-*70
100 Ae.
Fire Department stock
1809-*70
100 Ac.
Fire telegraph bonds
1870-*73
100 Ao.
Tax relief bonds, coupon
1870
500 Ac.
N.Y.Bridge bds ($2,421,900 red.after July,’96) 1869-*79 500 Ac.
Accumulated debt bonds
1869-*70
100 Ao.
Street improvement bonds
1874-*77
100 Ac.
Ninth District Court-house bonds
1871
500 Ac.
Department of Parks improvement bonds.... 1874-*79 500 Ac.
Assessment bonds
1874-*78
500 Ac.
City parks improvement fund stock
1871-*78
500 Ac
Normal school fund stock
1871
500 Ac
Public school building fund stock
1871
500 Ac.
Additional Croton water stock
1871-’79
500 Ac.
Sewer repair stock
1872
500 Ac.
Consolidated stock
1874
500 Ac.
do
20-50 (redeemable July'96)
1870
500 Ac.
do
500
Museum of Art and Natural
History stock
1873-’7 9
500 Ac.
Third District Court-house bonds
1874
500
Central Park commission improvement bonds
1878 A ’79 500 Ac.
County Court-house stock
1862 to’68 100 Ac.
ao
do
No. 3
1871
100 Ac.
do
do
No. 4 A 5
1872 9
500 Ac.
Soldiers’ bounty fund bonds
1864
100 Ac.
Soldiers* bounty fund bonds, No. 3
1865
100 Ac.
Soldiers’ bountv fund red. bonds, No.
2
1865
100 Ac.
Assessment fund stock
1868 to '72 100 Ac.
do
do
1873
100 Ac.
do
do
1875
100 Ac.
Repairs to buildings stock
1870
100 Ac.
Consolidated stock, gold, coupon
1871 to’72 500 Ac.
Accumulated debt bonds
L869 to’70 100 Ac.
N. Y. and Westchester Co.
improvement bonds
1870
100 Ac.
Consolidated stock
1874
100 Ac.
For State sinking fund
deficiency
1874
100 Ac.
Debt of Westchester towns annexed
'
.
m
Consolidated stock, gold
Consolidated stock
Bonds for bridge over Harlem River
m
•
•
m
m
Norfolk, Va.—Registered
•
stock
Coupon bonds ($20,000 6s are J. & J.)
Coupon bonds of 1881 (exempt)
Trust & paving, coup, (pav’g,
$189,300, J.AJ.)
Coupon bds, water (a rnort. on water works.).
-
•
•
.
•
,
•
100
1870-’74
100
18S1
1872-’73
1871
July 2,1887-’97
July l. 1892
do
Various
1874-5 & 1894
Jan. 1, 1899
March 1, 1894
June 1, 1895
1887 to 1897
Aug. 1, 19H
July 1, 1922
April 1, 1881
do
F. A A.
do
Q.—J.
New York or London.
New Orleans.
A. A O.
....
357.000 5, 6A 6*3 Various
City Treasury.
870,000
4, 5,6 J. A J. Boston, CJomm’nwealth Bk.
875,500
6,900,000
2,800,000
129,000
491,031
417,000
320,000
415,800
500 Ac.
500
500
•
Oot. 1, *b2 to
'86
do
do
do
J. A J.
M. A S.
J. A D.
6 A 7
M. A N.
5 A 6
Q.—F.
250,000
6
Q.—F.
3 618 600 4 5 6 A ? Q
p
5,196,000 4,5, 6 A 7 m.'a n.
970,637
6
Q.—F.
6
490,000
Q.—F.
6
3,341,071
Q-—F.
5
500,000
M. A N.
5
399,300
Q.-F.
3,849,800
6
Q.-F. ,
9,068,000 4, 5,6 A 7 MAN.
6 A 7
M. a n.
296,000
7
75,000
M. A N.
2,229,500 5 A 6 g. M. A N.
7
7,269,400
M. A N.
6 A 7
700,000
M. A N.
6
521,953
M. A N.
6
597,586
M. A N.
3,000,000
7
M. A N.
4,671,901 4, 5 A 6 M. A N.
6,500,000
1
M. A N.
5 A 6
727,900
M. A N.
7
300,000
M. A N.
1,241.000
5
M. A N.
4 A 5
8,259,100
M. A N.
5,744,000 5,6,7A6g M. A N.
200,000
6
M. A N.
636,000
6
M. A N.
2,710,000 4, 5,6 A 7 M. A N.
6
M. A N.
265,000
6 A 7
8,779.700
Various^
5 A 6
2,058,350
M. A N.!
4 A 5
466,408
M. A N.
958.000 4, 5 A 6 M. A N.
398,000
5 A 6
M. A N.
333,000
5
M. A N
6
1,100,000
M. A N.
600,000
7
M. A N.
5 A 6
M. A N.
653,100
6
M. A N.
4,000,000
7
745,800
M. A N.
376,600
7
M. A N.
6
M. A N.
1,829,000
6 A 7
M. A N.
493,200
6
900,450
M. A N.
6
M. A N.
100,000
6 g. Various
14,702,000
7
M. A N.
6,000,000
30,000
6
M. A N.
7
1,680,200
J. A D.
7
M. A N.
1,559,798
...
1878
1880
do
do
500,000
2,900,000
.
.
New Orleans.
5
m
....
City Treasury.
J. A J.
Various
10
8,509,640
—
A. A O.
A. A O.
J. A J.
5'
6
6
5
7
7
8
7-3
7 g.
Principal—When
due.
Where payable and
by
whom.
payable
7
6
4,300,000
m
When
Rate.
100
100
•
5 g.
4
4 A 5
6
6 A 8
5
8
500,000
Improvement
and sewerage, $41,000;
aqueduct board, $176,954. Real
personal property have been assessed at near the
true value as
follows: 1881, real estate, $66,278,825;
personal, $18,974,770; tax
rate, $2 10; 1882, real estate, $67,463,555;
personal, $17,989,370; tax
rate, $2 44. Population m 1870,105,059,
against 136,508 in 1880. (V.
34, p.
New
and
8
York
•
•
1883 to 1895
July 1,1905-’10
Nov. 1,1902
1883 & 1890
to
'
Nov. 1,1900-1908
1907 to 1917
1907 to 1911
1887 & 1898
1884
a
°
Aug. 1,1884
Aug. 1,1900
0
2d
-23
July 1,1898
1887 & 1895
f-S
«o
Nov.1,1901 to '12
4*3
’89,*92,’96&1926
©
1894 A 1897
1888
p/3
1889 & 1892
S|
1889
si
O
1899
1884
1890
•
CO CO
*
ga
1905.1926A1928
tt s
1884 to '88
1884, & 1888
1890
o"S
o
©
®
c8
frj
L
Nov.1,1882 to ’84
9
Nov. 1,1882 to’85
1901-1904
Nov. 1,1891
Nov. 1,1891
1891 & 1899
Nov. 1,1882* ’85
1894 to’96
V aS
May,’97,1916-’26
1889 & 1899
1903 *
S'S
O
S
Nov. 1,1890
Nov. 1.1884
1882 to'92
1884 to '88
1894 to ’98
1883 to '90
p»«
0
2
w
eg
1895 to'97
1891
1887
1903
1910
1884 to'88
1896 to 1901
si
08-9
-
.23
•§<9
20
1884to'88
1891
1896
1883 to'86
•3
9
'
•
M.
M.
M.
J.
M.
J.
AN.
A N.
d
M
A N.
A J.: Norfolk, Treasurer’s Office.
A 8.
do
do
A J.
do
do
A. A O.
do
do
M. A N. New York, Park N. Bank.
1908-1928
1910
Nov., 1891.
1882 to'85
’90-’94-’99,1900
April 1,1911
Apl.,’92: July, '93
May, 1901
City.—The total debt
of New York, July 31, 1882. wag
amount of sinking funds, $39,035,499. The follow¬
shows the details of funded debt and the amount in
$136,538,807; the
ing statement
city sinking fund at the dates named:
489.)
Description.
the
Jan. 1, 1881.
Jan. 1,1882.
Sinking fund
$133,535,019
32,993,024
$134,400,507
36,110,301
July 31,1882
$136,538,807
39,035,499
$12,874,418
$16 40
$1,123,000 $104,100
13,138,400
13,137,519
15 70
1,059,000
104,100
13,505,400
13,609,922
18 00
1,084,000
104,100
New Haven, Conn— Municipal bond
fund, $30,417. The city made a
special loan of $75,000 to the New Haven A
Net funded debt...
Revenue bonds
$100,541,995
$98,290,206
$97,503,308
4,328,095
16,109,529
$102,618,301
$113,612,837
second mortgage bonds.
Population in 1870,
50,840; in 1880, 62,882. Assessed valuations (about 80
per cent of true
value), tax rate, Ac., have been:
942,292, and 1,206,299 in 1880. Since Jan. 1, 1865, the valuation, rate
of taxation, and net funded debt at end of
year, have been as follows:
Neto Bedford, Mass—
Population, 26,845 In 1880; 21,320 in 1870
Assessed valuations (true value), rate of
tax, Ac., have been:
Personal
Years.
Real Estate.
Property,
$12,898,300
anteed
Rate of Tax Total Debt,
per $1,000.
Bonds.
Derby Railroad, and
$225,000 of its
Years. Real Estate.
1879.. $34,922,157
Personal
Property.
12,130,874
Trust
Funds.
Rate of Tax
per
$1,000.
9
mills.
guar¬
Total
Debt.
Sinking
Funds, Ac.
$874,000 $156,450
1880.. .34,797,569
13,097,158
9
“
854,000
176,392
1881..
32,966,440
13,639,376
10
“
774,000
169,214
New Orleans.—A decision of Louisiana
Supreme Court, Dec., 1878’
held invaUd the special tax provisions
for consolidated bonds, but on
anpeal to U. 8. Supreme Court this was reversed
June,
1882, a law was passed to issue new 6 per cent April. 1882. In for
40-vear bonds
all
old bonds other than
premiums, redeemable after 1895. The assessed
valuation of property, real and
personal, for 1882 is about $103,177,249.
A scheme for
settling the debt by a bond premium drawing plan Is in
practice, and drawings take place
January 31,
October 15. On Jan. 1, 1882, the total bonded April 15, July 31, and
debt was
$14,704,236
and total
Mass.—Sinking funds, January
706.)
1, 1382. $135,9S0.
KM® 1870.U 1881> ^ °°
$1'°00-
Total debt
Tax valu-
5,524,245
...$106,066,240
The population of New York,
Real
Years.
1865
Estate.
$427,360,884
742,103,075
769,302,250
797,148,665
1874t
836,693,380
881,547,995
883,643,545
892,428,165
895,963,933
900,855,700
918,134,380
;
floating debt,
and prior years, payable $2,398,869. The uncollected taxes for 1878
in scrip, were $1,336,948, and for
1879-81,
payable in cash, $704,236. Population in
1870, 191,418; In 1880,
216,090. (V. 34, p. 292; V. 35, p.
50, 658,
Newton.
Total funded debt
942,571,690
*
976,735,199
1,035,203,000
Less sinking funds.
by the United States census, in 1870 wag
Personal
Estate.
$181,423,471
305,285,374
306,947,233
306,949,422
/—Rate Tax p.
$l,00O-v
State.
Net Debt.*
Dec. 31.
City.
$4 96 $24 94
2 70 19 80
$35,973,597
73,373,552
4 43
17 27
5 20
23 81
88,369,386
95,467,164
292,597,643
5 33
19 67
272,481,181
217,300,154
218,626,178
6 65
7 27
107,023,471
21 35
22 13
0 51
21 49
206,028,160
3 78
197,532,075
175,934,955
3 50
201,194,037
209,212.899
114,979,970
116,773,721
119,811,310
117,700,742
113.418,403
109,425,414
3 12
198,272,582
22 72
21 94
3 43 •22 37
22 18
106,060,240
3 60 22 60
'
22 50
'
102,618,301
t Ann exed towns included.
The reduction between the amount of taxation
in the years
1874 and
1880 was about $3,400,000.
There was, however, no substantial reduc¬
tion in the expense of
administering the City Government, as reduo-
.
December,
CITY
1883. J
Bnhacribera
For explanations see
Value.
notes on first page oftables.
1868
1877
fund bonds
• •
N. J*—School Donds.
Funded debt bonds......... -
$125,000
1,000
160,000
1,000
300,000
164,000
7
5
.
*)
bounty bonds..
1877
1877-’78
.
PAilodrfsftto-Bonas prior to, oonaoUdation
0998781172..
1869-’81
1863-’65
.
ISew^ braids, • ‘B”‘ and “C” " 1!! ‘^"
•
•
s
for water works
do
for bridges..^.
for park and Centennial
do
Bonds for war and bounty purposes,
.
do
.
.
.
municipal, school, sewer, &c..
Guaranteed debt, gas loans
FotuMper cent loan (“A” to “ Y”)
.
do
■
•
1855
1855 to’71
1859 to’7C
1868 to ’7C
1862 to 65
1860 to ’7C
....
Ills.-School loan.
($50,000 each year)
•
m
m
m m
....
m
m
m
m
m
....
....
m
•
m
m
....
•
•
•
•
....
do
•
Peoria A Rock
Island Railroad
.
Water loan, reg.............. .............
municipal bonds.
Compromise railroad bonds (coup, and r<
Bonds impr. Penn, av., Ac. (local assessm
Bonds for overdue interest (temporary 1<
Portland, Me.—Loan to Atl. & St. Lawrence
Loan to Portland & Rochester Railroad,
Funded debt and other
.
.
.
3
do
r
loan of 1879
Public improvement
loan, registered
Brook Street District certificates
do
do
do
coupon.,
New High School Building certificates ...
Richmond,Va —Bonds, reg., ($118,000 arecc
Bonds, reg. and coup. ($216,000 are coup.)...
New fives
Rochester, N.Y.—To Genesee Valley Railroad
To Roch.A State L. and R. N. & P. Railroads.
For various city improvements
Water works loan, coupon and registered.
Fundinrloan
Consol loan
Rockland, Me.—City bonds
....
1,000
500 Ac.
lOOOAc.
1,653,000
lOOOAc.
1,500,000
£100
lOOOAc.
1,397,250
600,000
....
....
1,000
1855
1863
1875
1879
1879
1872
1877
1879
Large.
1,000
.
.
1872
1,000
1872 to ’74 lOOOAc.
1872 to ’75 Various
1873 to’76 lOOOAc.
1875
1,000
1882
5.000
•
•
•
100
100
100
100
•
do
do
1869
500
1858 to ’69 100 Ac.
1871
500
Bridge bonds
50 Ac.
1881
New con promise bonds (60 per cent)
1846 to ’71 Various
Bt. Louis—Renewal and floating debt bonds
Real estate, buildings and general purposes.. 1840 to’68 Various
1855 to ’57 Various
Street improvement bonds
1856 to’58 Various
1868
1,000
1855 to ’69
1,000
1852 to ’68 Various
1865
1867 to ’70
1,000
1872
1,000
1871 to ’73
1,000
Water work bonds (old)
Tower Grove Park bonds (gold)
Sewer bonds
Harbor and wharf bonds
Bonds to Pacific Railroad
New water work bonds (gold)
,
do
do
do
Renewal and sewer bonds (gold)
Renewal purposes, gold or sterling
1873
Renewal, Ac., bonds, gold, $ and £
Renewal, Ac., bonds, gold $ and £, coupon...
Renewal bds.,gold,$ and £ (part red’mable ’90)
Bridge approach bonds (gold)
1,000
1,000
1875 •
1874-’79
1880
1872
1,000
1,000
500
tion instate taxes was about equal to reduction in tax levy.
40, 244; V. 25, p. 51; V. 35, p. 265.)
218,000
Estate.
Property,
$3,725,$46
per
(V. 33, p
763,277
3,273,074
8
3,039,564
7
771,863
3,535
3,057.099
9
777,312
9,191
—Population, 21,145 in 1880; 16,653 in 1870.
Paterson, N. J.—Finances are apparently in a sound condition. The
assessed valuations, tax rate per $1,000, Ac., have been:
Years.
Real Estate.
Personalty.
Tax Rate.
Debt.
_
securities
$1,286,500
$15,850,857
$3,255,659
2^4
15,923,108
3,246,501
2*4
1,275,000
16,398,608
16,935,278
3,544,517
3,637,837
2*4
1,259,500
17,746,040
3,768,240
2*4
2*30
1.264,000
1,251,500
1882,
was
$67,888,116;
offset, $23,167,373; net funded debt, $44,720,742. On
; floating debt, $489,487. In the
iouowing table the assessed value of real estate is near its cash value:
as
fi?‘ 1’,1882, the debt was $68,139,916
i
<X£ar8,
1876
1880.
1882
'
Real Estate.
Personalty.
do
do
do
do
do
do
do
do
do
do
do
> 1879 to 1903
do
1879 to 1905
do
do
do
g.
g.
g.
g.
June 1,1888
do
1889-1891
New York.
July 1, 1888
Pittsburg, Treasurer.
1893 to ’98
Boston, Blackstone N. B’k.
do
do
A
A
A
A
A
A
A
A
do
do
D.
8.
7
Tax Rate*
$585,408,705
$10,004,673
593,313,532
9,755,000
577,548,328
520,539,972
9,439,769
8,069,892
21 50
20 50
529,169,382
7,498,452
535.805,744
7,863,385
20 00
545,608,579
8,166,650
$21 50
22 50
19 50
19 00
ov.,1886,’87,'83
July, 1887
1882 to ’95
June 1,1887
Sept., 1885
Jan., 1893
Jan., 1900
Jan., 1900
July 1, 1906
July 1,1895
June 1,1899
ilyl,’99A 1900
do
1892
Treasury.
Sept. 1,1883-’84
Boston and Providence.
do
do
do
do
do
N.
July 1914-’15
Y., Union Trust Co.
do
do
May 1. 1885-’86
1883-’89
.A J., 1882 -1912
1 886A1904-1909
do
Richmond, Treasurer.
J.
J.
J.
7
7
4
4 A 5
6
6
6
.
July 1, 1897
Sept. 1,1907
Providence.
do
J.
J. Boston, Prov. and London.
J. N. Y., N. City Bank, A Prov.
do
do
J.
J. London, Morton, Rose A Co
D.
Providence.
do
A J.
A J.
A J.
F. A A.
Various
J. A J.
J. A J.
F. A A.
Semi-an
J. A J.
F A A.
M. A S.
1908
1881 to 1912
1913
1883 to ’85
1884
do
do
Boston and Portland.
do
J. A J.
M. A S.
M. A N.
Various
J. A J.
6
8
5
7
7
New York and Rochester.
N. Y., Union TrUst Co.
1883 to 1908
Feb. 1, 1893
1884 to 1902
Jan. 1,1903
Jan. 1, 1905
Au
1, 1912
18 2 to 1897
Various St. Joseph and New York.
J. A J. N. Y., Nat. B’k Commerce.
10 A 6
F. A A.
Various N.
Various
Various
6g.
May 15,1881
do
....
6
6 g.
6
6
7
6 g.
6 g.
6 g.
6 g.
6 g.
6 g.
5 g.
1883 to 1905
1881 to 1904
1886 to 1890
do
do
do
m’nthly
J.
M.
J.
J.
J.
J.
J.
J.
4ks
4k}
60,000
127,000
346,000
772,000
578,000
700,000
3,950,000
1,250,000
681,000
1,074,000
707,000
2,747,000
1,024,000
461,000
$1,000. Debt. _Funds, Ac.
$11
$765,664
$
-Population, 51,031 in 1880; 33,579 in 1870.
Philadelphia.—The total funded debt, Aug. 1,
A N.
A J.
A J.
A S.
6
6
6
8,184,815
7,794,678
7,435,418
1-879
M.
J.
J.
M.
10
4
6
9,526,466
1,627,855
-Population in 1870, 19,229 ; in 1880, 21,966.
Norwich, Conn— The assessed valuations, tax rate, &c., have'been:
Real
Personal Rate of Tax Total
Sinking
$7,735,158
1901-1905
1882 to’85
Phila., by Treasurer.
do
J. A J.
do
Various Pittsburg, Phila. A N. Y.
J. A J. New York, B’k of America.
Various
Philadelphia.
5
7
5
1,104,000
1883-1902
Various N. Y., Amer. Exch.Nat. Bk.
do
do
4ki
348,000
859,000
1,688,000
Norfolk, Va.—The assessed valuations and tax rate per $1,000 have been:
Years.
Real Estate.
Personalty. Tax Rate.
$8,689,716
$1,497,130
$19
8,861,392
19
1,463 498
9,354,765
1,310,861
20
Years.
A D
April 1, 1907
1898,1908 A1910
Jan. 1, 1905
April 1, 1908
Dec., 1883-1904
Dec., 1883-1900
Dec., 1879-1900
June, 1887
do
do
410,000
do
do
100,000
City Treasury.
359,050
do
176,000
do
114,000
do
128,800
120,000 3*65 A 4
Various N. Y., Nat. B’k Commerce.
6 A 7
106,000
do
do
7
M. A N.
60,000
Ac.
Ac.
Ac.
Ac.
Oct. 1, 1893
do
do
do
do
do
do
....
6
6
6
6
5 A
6
6
5
5 A 6
5 A 6
5
5
2,950,807
1,214,700
524,300
152,000
750,000
785,000
3,182,000
500
City RR. 1860 to’69
J.
6 A 7
4 A 5
7
99.438
®
«
A D
Various
J. A J
J. A J.
J. A J.
J. A J.
J. A J.
J. A J.
J. A J.
J. A J.
6
500,000
280,000
280,000
1,000
1,000
....
J.
7
6
6
5 A 6
6
6
6
6
6
6
6
4
7
10
7
596,000
1877 A’79
«
187-92.0
lOOOAc.
lOOOAc.
lOOOAo.
787,000
.627,500
416,000
1,200.000
1,265,000
325,000
600,000
300,000
2,347,000
500 Ac.
1869
1871
1872
Railroad loan ($20,000 payable yearly)..
Notes and certificates of deposits
Bt. Joseph, Mo.—Bonds to St. Jo. & Den
Bonds t< Missouri Valley Railroad
Bonds f( r various purposes
.
’68,’69,’70
1872
1874
1876
Water loan bonds, gold, coupon....
do
do
registered,
.
^
....
1867
bonds
do
.
7
5, 6,7
300,000
1,226,000
2,179,469
5,127,700
1,405,000
....
1859-79
Municipal—proper, ($63,000 are.5s due ’!
Building loan bonds
do
....
Due.
Whom.
M. A N.
50,000
J. A D.
195,000
205,000 7,6g.A7g Various
J. A J.
7
100,000
7
A. A O.
4,279,000
....
1867 to ’69
1872
1872
.
do
do
Portland & Ogdensburg
Reoruiting and bounty
1868 to’74
1878
1845 to ’72
1863
1871 to’73
1879
7
92,500
110,000
417,000
3o3,000
100,000
110,000
4,326,166
1,725,000
6,500,000
4,853,500
8,701,600
11,650,000
15,637,425
5,999,400
8,484,485
81,500
....
Water loan
do
•
1879
Water loan
do
do
500
500
500
500
100 Ac
500
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
25 Ac.
50,000
Principal—When
ipi
Payable and by
A. A 0 Thames N.Bk; Bost.,Bk.Rep
A. A O
Norwich.
Various
do
J. A J
do
A. A O
do
J. A D
City Hall, by Treasurer.
J. A D
do
do
Various
do
do
5, 6 A 7
1,000
1,000
Where
Pay’blc
7
5
1859-’73
1862-’71
.
When
Rate.
1875
1878
Paterson,
Peoria,
outstanding
$1,000
Court House......
War
INTEREST.
Amount
’68,’78,’8C
.
flinxinK
par
9.
Conn.—City bonds.
Norwich,
Size or
Date of
Bonds.
-
2UL11
by giving Immediate notice of any error discovered in these Table*.'
will confer a great favor
DESCRIPTION.
SECURITIES.
do
do
Y., Nat. Bank Republic
do
do
do
do
do
do
do
do
do
do
do
do
1882 to 1899
1891
1892
1880 to’89
Nov., 1889
1880 to ’89
1891
1901
1882 to '91
1882 to 1906
1883 & ’87
1882 to ’83
Various
F. A A.
Aug., 1898
1882 to ’89
Various
1882 to’88
Various
Feb. 1,1885
?. A A. N. Y., Nat. B’k Commerce.
I. A D. New York and St. Louis. J me, 1887, to 9<
i.AO.I ST. Y., Nat. B’k Commeroe.
April 1,1892
1891 to ’94
New York or London.
Various
Nov. 1,1893
do
do
M. A N.
do
do
M. A N.
May 1, 1895
1894 A 1899
do
do
r. A J.
an. A June, 1904
do
do
J
Various
Deo. 10, 1892
A D. S'. Y., Nat. B’k Commerce.
• J.
Assessed valuations of property for 1882 are: Full city propel
$491,481,202; suburban property, $35,197,912; farm property, $1$,,
096,115; all the personal being classified with the full city property
Population, 1870, 674,022, against 847,170 in 1880.
Peoria, III.—Total debt, $673,500 in 1882.
Population, 29,259 in
1880; 22,849 in 1870.
Pittsburg.—Assessed valuation in 1880: Real property, $85,744,990;
personal, only $2,516,540. Tax rate, 1880, 20*4 mills per$l. Popu¬
lation, 156,389 in 1880; 86,076 in 1870. interest defaulted April,
1877, on Penn Avenue improvement bonds, legal points beiug disputed.
Portland, Me.—The sinking fund and available assets March 31,1882,
were $145,986.
The city is protected by mortgages on Atlantic A St.
Lawrence and Portland A Ogdensburg railroads. Population in 1879,
35,010, against 31,413 in 1870, and 26,341 in 1860. Population in
1880, 33,810; 1870, 31,413. The assessed valuations, tax rate, Ac.,
have been:
Years.
..
Real
Estate.
$19,212,800
Personal
Rate of Tax
19,825,800
10,359,128
25 00
5,235,600
225.710
19,777,200
11,376,456
25 50
4,688,100
92,356
40,168
11,609,585
23 50
4,620,500
19,886.300
These do not inolude the sinking funds for railroad loans.
..
*
Sinking
Total
Property, per $1,000.
Debt. Funds, Ao.*
$11,458,354 $25 50 $5,316,600 $360,815
Providence, R. 7—The principal debt of Providence lias
since 1872 for water works, sewerage, new
been created
City Hall and Brook Street
Improvement. The sinking fund for bonds due m 1885. $676,021: 1893,
$255,420; 1895-99, $390,274; 1899-1900, $51,753; 1900-6, $125,416;
Brook Street district, $75,465. Population, 1870, 68,904; 1880,104,857.
The laws of Rhode Island now limit the debts of towns to 3 per ot. of their
ussessod valuation. Ass’d valuations (true value), tax rate, Ac., have been:
Real
Personal
Tax per
Total
Assets in Sink.
Years.
Estate.
Property.
$1,000.
Debt.
Funds, Ao.
86,816,100
$30,699,400
28,765,600
88,012,100
$86,341,100
$14 50 $10,,690,550
14 00 10,475.550
27,908,900
10,202,688
87,788,000
28.418,800
88,987.900
1880....
13 50
30.208.300
14 00
14 50
10,100.599
10,077,099
—Stato valuation,
$168,547,726; city, $119,196,200.
$1,292,697
1,237,00&
1,359.142
1.397,558
1,597,280
XIV
CITY
Sobscribers will confer
a
great favor
DESCRIPTION.
Jtor explanations
see notes on
SL Louis—(Continued.)
St. Louis County bonds assumed—
Insane
Asylum
by gflviny Immediate notice
Date of
Bonds.
first page of tables.
Size
Value.
1867
1868
1872
1873 to’76
General purposes, gold
Renewal
Park bonds, coupon, gold
County bonds
SL Paul, Mini}.—Revenue oonds
Preferred bonds
8 per cent bonds
Lake Superior A Mississippi Railroad
St. Paul & Chicago Railroad.
Public Park (Como.)
Local improvement
Bonds
.
$1,000
5•:
7
500,000
7
6
7 A 6
6
6
18796.
Salem, Mass— City debt
Citydebt
do
BanPrancisco— Bonds of 1858, coupon
(gold)..
Judgment bonds, coupon (gold)
Central Pacific Railroad, coupon
(gold)
Western Pacific Railroad,
do
do
Judgment bonds,
do
do
School bonds
8chool bonds
Park
improvement bonds
Hospital bonds
House of Correction bonds
City Hall construction
Montgomery Ave (special tax)
Dupont St. (special) (Act March 4, 1876)
Savannah, Ga.— New compromise bonds
rr
■
■>
i
8omei'rille, Mass.—City debt
Various
Various
100 Ac.
1876
1879
•
•
290,000
435,500
165,000
246,000
285,000
200,000
475,000
210,000
150,000
611,000
1,579,000
Large.
Large.
1,000
1,000
1,000
....
1866 to’79
1870
&
m
m
m
’73/74A79
1874 to ’80
1861 to ’81 500 Ac.
1870 to’81 i 500 Ac.
1870 to ’76 j 500 Ac.
I
Years.
Real
Estate.
Personal
$42,658,350
37,299,400
34.408,725
34,596,225
Tax per $1,000
in old Wards.
19*64
Property.
$1,706,300
1,584,940
"fi
.
240,000
1,095,650
432,000
1,000,000
449,600
1,886,000
325,000
371,300
1881
it
St.
5 00
5 00
5 00
191,720,500
Paul, Minn.—Population in
1870
22,311,000
in 1880, 41,47
20,030;
Assessed valuations of taxable
property and tax rate have been:
Personal
Rate of Tax
Total
Years.
Sinking
Real Estate.
Property,
per $1,000.
Debt.
Funds, Ac.
$20,836,710
18,835,525
18,993,545
17,300,486
17,300,766
$6,919,216
was
22 mills.
6,340,493
16
“
5,452,871
5,491,026
18
13
15
“
5,942,503
“
“
$1,323,812
1,332,500
1,327,200
1,356,444
1,519,310
—Valuation of real estate is about 40
per cent of true value.
<
1*
f T
if
!*$■
22,417,000
$616,292
551,755
567,642
616,000
656,000
,
A J. N. Y., Nat. Bk.
Commerce.
A S.
do
do
A D.
do
do
A J.
do
do *
A O.
do
do
M. A N.
do
do
M. A N. N. Y., Kountze
Brothers.
M. A N.
do
do
Various
do
do
J. A D.
do
do
I. A D.
do
do
do
do
J. A J.
do
do
A. A O.
do
do
J. A J.
City Treasury.
J. A J. Boston,
Merchants’ Bank.
A. A O.
do
do
J. A J.
do
do
J. A J. San F.A N.Y,, Laidlaw
A Co.
A. A O.
do
do
J. A J.
do
do
M. A N.
do
do
A. A O.
do
do
J. A D.
do
do
J A J.
do
do
J. A J.
do
do
M. A N.
do
do
J. A J.
do
do
’...
do
do
July 1,1887
Sept.1,1888
June, 1892
1889 to 1896
April 1,1905
May 1,1895
1880 to'90
1883 to ’86
1889, ’90, ’96
1888 & ’98
,
....
1900
1903
1898
April l, 1904
1880 to 1889
Jan. l, 1891
Apl. 1, 1883-1898
July 1,1904
Jan. 1, 1888
Oct. 1, 1883
July 1, 1894
May i, isos
Oct. 1, 1887
Junel,1882to
July 1, 1894
6
6 A 7
7
1897 & 1904
Nov. 1, 1891
July 1,1894
1899
J.
6, 7 A8 Various
7*3
6 A 8
7 A 8
""
1*896
Feb. 1,
1882 to
1880 to
1882 to
Various
City Treasmy.
Various Boston, First National B’k.
A. A O.
A. A O.
M. A N.
do
do
N. Y.,
do
do
1909
1896
1906
1884
1882-1889
Apl. 1,’94, to 1905
Apl. 1,1879-1893
Imp. A Trad. N. Bk.
do
’90
1881 to ’94
do
Various
do
do
Various
do
do
5 A 6 Various C.Treas.ABost. Mchts.’ Bk.
4,
4, 4^2, 5 Various
do
do
5 A 6
Various
do
do
May, 1900
1893, ’94 & ’99
1879 to’81
1882 to 1906
1899 to 1905
1882 to 1906
amounts
to about $290,000.
There
$46,000 of 4 per cent bonds also held
by sinking funds. Population
27,563 in 1880; 24,117 in 1870. Tax
valuation, 1881, $23,788,356.
San Francisco.—Population,
233,959 iu 1880; 149,473, in 1870.
The
Montgomery Avenue and I)u ; out Street bonds are special issues
able only on the assessment of
charge¬
property benetitted. The assessments for
four years and tax rate
(per $100) are given below. The
large increase
in personalty in 18 80-sl was
made by the arbitrary
assessment of
persons making no sworn statements of their
property.
Realty.
Personalty.
Tax Rate
1878-79
$190,280,810
$54,196,550
$2 24
1379-80....,
166,429,845
51,057,229
1 99^
165,023,658
155,834,879
279,287,738
66,598,521
In 1881-82
r
2 21
1 15
valuation, and tax rate are for city and
county only; State
valuation was $168,301,669 real and
$71,121,993 personal, and tax
rate, 65*2 cents.
Sinking funds raised annually amount to over
$225,000, the amount
on hand June
30, 1882, being
$1,020,212.
Savannah, Ga.—Default
(V. 34,
p.
550.)
made on interest Nov. 1,
1876, in conse¬
yellow fever and non-collection of taxes. The
compromise,
as reported in V.
26, p. 625, gave new 5 per cent bonds for the face of
old
bonds; and for interest up to Feb. 1, 1879, 58
per cent of the face value
in similar bonds. Assessed
value of real estate and tax rate each
year
have been as follows: in
1879,
was
quence of
merged
22,507,000
Principal—'When
Due.
and by
M.
J.
J.
A.
Salem, Mass.—The sinking fund
$5,471,686
17 50
17 50
17 50
Payable,
Whom.
are
Total
bonds. The Comptroller
following in his report to April, 1882; The liabilities
appear as
follows; The bonded debt at the close of fiscal
year (April 10, 1882) is
$22,417,000. A claim of the St. Louis Gaslight
Company for gas fur¬
nished. amounting m all to about
$882,000, with interest to March 31,
18S2, was decided against the city in 1880, but
appealed. Assessed valu¬
ation of property and tax rate have been:
Real Estate /—Rate of tax
per $1,000.—,
and Personal
New
Old
Bonded
Years.
Property.
Limits.
Limits.
Debt.
$164,399,470
$5 00
$17 50
$22,614,000
•
160,634,840
167,336,600
4^, 6
1,200,000
Debt.
were
7 g.
5
167,000
St. Joseph. Mo.—Population in
1880, 32.431; in 1870. 19,565. As¬
sessed valuation of real estate,
1880, $5,723,784. Personalty, $3,294,451; total $9,018,235. Rate of tax, 1880, 32*2 mills. In
1881 total
assessed valuation was
$9,885,000, which was probably about. 60 per
cent of actual value. A compromise of the
debt was made in new 4
per cent bonds, which are given for the full principal and
interest of old
Bonds. (V. 32, p. 659.)
St. Louis— Population by the United
States census in 1870 was
310,864, against 350,518 in 1880. The city and
county
Where
Pay’ble
....
174,000
21*79533
5,446,186
1,430,144
23*86
5,382,950
1,291,320
24*67
34,819,975
1,202.395
28*61
Richmond, Pa.—Real estate assessed, 1882,
$28,946,828; personal
$12,689,534. Tax rate, $140. Population, 63,600 in 1880;
51,038 in ’70
Rockland, Me.—Valuation of real and personal estate,
1881, $3,460,OOO. Tax rate, $25 per $1,000.
Population, 7,599 in 1881; 7,074 in
1870.
by law in 1877 and city assumed the county
gives the
When
A J. San.F.A N.Y.,Laidlaw A Co.
3,356,800
Q-F. N. Y., Eugene Kellv A Co.
1,250,000 5 5Uj6 6*2 Various Boston. Nat.
Security Bank
335,000 5^, 6,6^2 Various
do
do
i
Rochester.—Total debt funded, $5,355,000
The bonds of
Jan., 1833.
Genesee Valley RR. loan, $152,000, are
provided for by net receipts
from a lease of said road to Eric
Railway. Population, 89,366 in 1880 ;
62,386 in 1870; in 1882, estimated, 105,000. Assessed
valuation (60
per ct. of true value), rate of tax, Ac., have been:
Pt i
-
284,000
100 Ac.
Various.
•
g.
g.
gg-
7
8
6
6
7
7
6
5 A 6
6
6
5
6 g.
7 g.
7 g.
7 g.
7 g7 g6 g6 g6 g7 g.
6 g.
919,000
....
Sewer debt (all registered)
Water debt ($80,000 coup., $291,300
reg.)
103,000
300,000
500,000
398,500
1,000
,
Railroad loan
100,000
100.000
115.000
1,000
1,000
1868-9
100 Ac.
1878
1,000
1858
500 Ac.
1863 to ’64 500 Ac.
1864
500 Ac.
1865
500 Ac.
1867
500 Ac.
1870
500 Ac.
1874
500 Ac.
1872 to’75 500 Ac.
1871 to’73 500 Ac.
1874
500 Ac.
1875 to’76 500 Ac.
1873-74
•
Toledo, O— General fund city bonds, coup
Toledo & Woodville Railroad,
coupon
Water works ($3,000 only 6s)
48,710
1,000
1,000
discovered tn these
Tables
J.
5, 6 A 7
263,125
200,000
100,000
500 Ac.
Water loan
Springfield, Mass.—City notes
City bonds
Water loan ($200,000 are 6 per
cents)
1,000
1,000
1871
Water loan
600,000
850,000
1,900,000
500,000
707,425
Varipus
1868
1870
1873
1873
1879
Various.
Rate.
$100,000
1.000
1.000
1,000
Various.
Various.
of any error
INTEREST.
outstanding.
17029 81787029. 81180-2
75.
1875
1875
[Vol. XXXV.
Amount
or
par
•
County Jail
SECURITIES.
■
$10,100,000, $25; 1880, $10,300,000,
$25; 1831, $10,500,000, $25; 1882,
1870, 28,235, against 30,709 in 1880 $10,650,000, $30. Population in
and 37,333 in 1882.
Somerville, Mass.—Total debt, January 1, 1883,
$1,585,000; sinking
fund, $373,654.
Property valuation in
$140,000 5s in $1,000 pieces, all bonds are1880, $20,458,100. Except
in $2,000 to $50,000
pieces.
Population, 24,933 in
1880; 14,685 iu 1870.
Springfield, Mass.—Total debt, January, 1882,
$1,811,221. The rail¬
road debt falls due $20,000 each
year. Population in 1880,33,340;
1870, 26,703. Tax valuation and rates have been:
Years.
1879
1881
Real Estate.
$22,746,330
22,211,230
23,795,920
Personal
property.
$6,63 7,845
7,230,094
Tax rate
per $1,000.
$1100
12 00
8,935,850
12 50
—Valuation of real estate is about 67
per cent of true value.
Toledo.—Total debt, January, 1882, was
$3,034,049. Of this the debt
pavable by special assessments was $449,609, and the certificates of
indebtedness, $57,419. Taxable valuation of real estate, 1881, $19,597,530; personal, $6,315,940.
Total valuation, $25,913,460.
Tar
rate, $2*68 per $100. Population, 50,137 in
1880; 31,584 in 1870. (Y.
30/p. 356.)
Worcester, Mass.—Total debt, January 1,1882, $2,582,300. Cash
assets,
sinking fund. Population, 58,291 in 1880,.
1,105 in 1870. Tax
valuation, 1880, $41,005,112 ; in 1881 $42,000529; tax rate, 1*68.
f401.748, including$265,299
RAILROAD
1882. J
December,
Subscribers
r^TITAi^iation of column headings, &c.,
p
first page of tables.
on
Alabama
Ala Gt.
Miles Date
of
of
Road. Bonds
see notes
95
233
296
199
142
142
142
142
62
62
Central- 1st mortg. gold coupon
Pacific Fwnc.-Debentures..
South’n. -1st mortgage, coupon
Alabama
Albany d
JV. 0. Texas d
Susquehanna—Stock
llbanycfty loan (sinking fund, 1 per ct. yearly).
CcnsoUmort. (guar. D. &H. endorsed on bonds)..
Allegany Central- 1st mort., gold ($8,000 per mile).
wovi'0<t&vi bul.u
Allegfieny i auey
AND
BONDS.
XT
will confer a great flavor by giving immediate notice of any error discovered in these Tables
DESCRIPTION.
For e
STOCKS
v
—
*;
• v
General mortgage (Riv. Div.)
pnrids to State Pa. (endorsed) 2d mort,, East
1st mort., East’n Extern, guar, by Pa, RR
ext.
Funding income bonds, with traffic guarantee....
Amador Branch- 1st mortgage
Asheville d Spartanburg—Stock:
Ashtabula d Pittsburg-1st mort gage, coup, or reg..
Atchison Col. d Pacific—1st mort., guar
Atchison Jewell Co. d Vest.- 1st M., guar. C.B.U.P.
Atchison Topclca d Santa Fe—Stock
“1st
mortgage, gold
Land grant mortgage,
1878
259
132
110
110
259
27
48
62
229
34
1790
470
gold
....
Consol, bonds, gold
Bonds, gold (secured by mortgage bonds)
S F. bonds for purchase of K. C. L. & S. K. stock.
Sinking fund bonds (secured by mort. bds.)
Sink, fund bds. (secured by deposit of mort. bds.)
Wichita <& Southwest., 1st M., gold, guar
Kans. City Top. & West. 1st mort., gold
do
do
income bonds
Pueblo & Ark. Valley, 1st mort., gold, guar
do
do 1st (& 2d on 148 miles) guar..
Kansas City Emporia & S., 1st mort., guar
.
....
....
....
....
....
27
66
....
148
134
....
or
Outstanding
$1,000
$1,000,000
£20, &c.
1,000
100
1,000
1,000
1,000
1,000
1,000
600,000
1866
1870
1871
1874
100,000
1,000
100 &c.
1877
1,000
1878
1879
1879
1,000
1,000
1,000
....
1869
1870
....
1880
1880
1880
1881
5,000,000
1,463,000
3,500,000
998,000
1,000,000
1,708,000
2,987,000
150.000
500 &c.
50
1,000
....
1,000
1,000
1,000
1,000
1872
1875
1878
1,000
1,000
1875
1878
1879
300,000
2,166,500
4,000,000
2,999,000
10,000,000
8,171,700
675,000
1,050,000
1,500,000
3,672,000
542,000
100
500 &c.
500 &c.
1,000
1,000
1,000
56,932,200
7,041,000
2,915,500
109,000
1,136,000
3,706,000
5,073,000
5,000,000
412,000
854,000
200.000
....
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Amount
Par
Value.
....
1863
1865
1865
1876
1881
1882
1882
not cumulative
°
1879
1882
Size,
1,633.000
1,942,200
532,000
Rate per
Cent.
6
6
6 g.
3*2
7
6
7
7
6 g.
6 £•
6
Where
When
Payable, and by
Whom.
Payable
J.
A.
J.
J.
J.
<fc
&
&
&
&
M. &
A. &
A. &
J.
pal, When Da©.
Stocks—Last
Dividend.
J. N.Y.jMetropolit’n N.Bk July 1, 1918
O.
London.
April 1, 1907
J. N.Y.,Farmers’ L. & T. Co
Jan. 1, 1908
J. N. Y., B’k of Commerce.
Jan. 1, 1883
J. N.Y.,Del. &Hud.Can.Co
July, 1888
N.
do
do
Nev., 1895-’97
O.
do
do
Oct., 1885
O.
do
do
April 1, 1906
J. N.Y., Post,Martin & Co. Jan. 1, 1922
Jan’arv
Jan.
1, 1912
7-30 J. & J. N. Y„ Winslow, L. &Co. March 1,1896
5 Jan’ary Harrisburg, Treasury. 100,000 y’rly.
7
A. & O. Philadelphia or London April 1, 1910
7
A. & O. Pittsburg, Co.’s Office.
Oct. 1. 1894
6
J. & J. N. Y., Cent. Pacific RR. Jan. 1. 1907
6
(5
6
1 *2
7 g.
7 g.
7 g.
5 S’
5
4L3
6
7
7
7
7
7
7
g.
g.
g.
g.
F. & A. Phil., Fid. I.T.&S.D.Co.
N. Y., Hanover N. Bk.
Q.-F.
Q.-F. N.Y., Hanover Nat. Bk.
Boston, at Office.
Q.-F.
J. & J. Boston, North Nat. Bk.
A. & O.
do
do
A. & O.
do
do
A. & O.
Boston.
M. & S.
do
A. & O N.Y., Nat.Bk. of Com’ce
J. & D.
J. & J.| Boston, North Nat. Bk.
J. & J. Boston, Everett N. Bk.
M. & S.
do
do
J. & J. Bost., N. Bk. of N. Am’a
J. & J.
do
do
J. & J. Boston, North Nat. Bk.
Aug. 1, 1908
May 1, 1905
May 1, 1905
Nov. 15. 1882
July, 1899
1, 1900
Oct.
1903
April 1, 1909
Sept. 1, 1920
Oct. 1, 1920
Dec. 1, 1911
July 1, 1902
July 1, 1905
Mar. 1, 1906
July 1, 1905
July 1, 1905
July 1, 1909
Amador Branch.—Galt, Cal., to lone. Cal., 27 miles. Leased in per¬
Alabama Central.—December 31, 1881, owned from Selma, Ala., to
Lauderdale, Miss., 96 miles; leased (M. & 0.), 18 miles; total operated petuity from Jan. 1, 1877, to Central Pacific—rental $3,500 per month.
114 miles. Defaulted January 1, 1872, and linances re-adjusted in Stock, $675,000. Leland Stanford, President, San Francisco.
1878. Income mortgage 8 per cent (if earned) 40-year Ponds, due July
Asheville d Spartanburg.—Projected from Spartanburg, S. C., to Ashe¬
1, 1918, $1,400,000. In 1881 a controlling interest was sold to the ville, N. C., 67 miles, of which 48 miles, Spartanburg to Hendersonville,
East Tenn. Ya. & Ga., bv which this road is now operated. The stock in operation. Formerly
Spartanburg & Asheville, sold in foreclosure
was $2,000,P00, and holders had the right to take one share of East
April, 1881, bought in by bondholders for $111,000, and reorganized on
Tenn. Va. & Ga. common for each share of Ala. Central, and most of it above stock basis.
Earnings in 1880-81, $38,693; net, $2,169. (Vwas
exchanged. Gross earniDgs, 1880-81, $232,117; net, $60,391. 32, p. 17, 396.)
—(V. 32, p. 288; Y. 33, p. 559.)
Ashtabula d Pittsburg—December 31,1881, owned from Youngstown,
Alabama New Orleans Texas d Pacific Junction (Limited).—This is an
O., to Astabula Harbor, O., 62-6 miles. Organized as Ashtabula Youngs¬
English corporation holding the controlling interest in the Vicksburg & town & Pittsburg in 1870, and road opened May 1,1873. Pennsylvania
Meridian, Vicksburg Shreveport & Pacific, and the New Orleans & North
Default
Eastern roads, as well as in the Cinn. New Orleans <fe Texas Pacific Company, as lessees, guaranteed bonds upto January 1, 1877.
Eailwav Co. (lessee of the Cincinnati Southern Railway). The manage¬ July 1,1878, and property sold August 21,1878. Existing company
organized September 25, 1878, and it is leased by Penn. Co., which pays
ment or the company (Erlanger) is the same as that of the Alabama Gt.
net earnings to A. & P. The common stock is $958,491 and preferredSouthern ER.. Length of roads, when completed, 852 miles; add Ala. stock
$700,000. Net earnings for three years were as follows: 1879,
Great Southern RR., 295 miles; entire system (when completed), 1,147
miles. The preferred or “A” shares are £1,500,000, and the common, or $68,978; 1880, $83,827; 1881, $123,888.
Atchison Colorado d Pacific.—Waterville, Kan., to Lenora. Kan., 192
“B” shares £2,500,0o0. The debentures are redeemable any time at
115, on six months’ notice. The company holds the following securities, miles; Greenleaf, Kan., to Washington, Kan., 7 miles; Downs, Kan., to
Bull City, Kan., 23 miles; Yuma, Kan., to Talmage, 29 miles; total,
viz.: Cin. New Orleans <fe T. P. $1,532,000 stock; Vicksb. & Meridian,
$245,000 1st mort., $105,000 2d mort., $416,000 3d mort., $1,464,300 252 miles. The road is an extension of the Union Pacific Central Branch,
pref. stock, and $362,000 com. stock; of Vicksburg Shreveport & Pacific by which the bonds are guaranteed and the road is controlled, and
$3,692,000 1st mort., $1,931.000 incomes and $1,594,000 stock; of N. O. the whole system is virtually owned and controlled by Union Pacific.
Stock, $1,377,000.
A North Eastern $4,900,000 1st mort. and $4,320,000 stock. (V. 33, p
22; V. 34, p. 573 V. 35, p. 515.)
Atchison Jewell Co. d West.—Jamestown, Kan., to Burr Oak, Kan.,
Alabama Great Southern.—Dee. 31, 1881, owned from Wauliatchie, 34 miles. Under same auspices and control as Atchison Colorado &
Tenn., to Meridian, Miss., 290 miles; leased,Wauhatcliie to Chattanooga, Pacific. Stock, $6,000 per mile.
6miles; total operated, 296 miles. Northeast & Southwest Alabama
Atchison Topeka d Santa Fe.—Dec. 31, 1881, mileage was as follows:
chartered Dec. 12, 1853. Reorganized as Alabama & Chattanooga Oct.
6,1868, and was opened May 17, 1871. Default made Jan. 1,1871, and Main Line—Atchison to Kansas State lino, 471 miles. Leased—Kansas
road sold under foreclosure January 22, 1877.
Present company City to Topeka, 66 miles; Pleas’t Hill to Ced. Junc^Ka., 45 miles; Em¬
organized November 30, .1877. New company assumed Receiver’s cer¬ poria to Howard, 76 miles; Florence to Douglas, 54miles: Florence to
tificates and issued new bonds for $1,750,000. The lands were
conveyed Ellinwood, 99 miles; Newton to Wichita., 27 miles; Wichita to Arkansas
in full settlement to the holders of the $2,000,000 of Ala State bonds. River, 69 miles; Wellington to Caldwell, 23 miles; Kan. State L. to 8.
These lands (about 550,000 acres) are held by trustees.
(V. 30, p. 117.) Pueblo, Col., 149 miles; Pueblo to Rockvale. Col., 37 miles: La Junta to
N. Mex. State
The road and equipment have been thoroughly renewed.
Capital stock— Lamy to SantaL., 96 miles; Col. St. L. to San Marcial, N. M., 354 miles;
Fe, 18 miles; San Marcial to Doming, N. M„ 128 miles;
Common, $7,830,000, and preferred 6 percent, $1,750,000; funded debt,
$1,750,000, and Receiver’s certificates, $178,000 (of which $134,000 in Rincon to Texas line, 58 miles; Texas line to El Paso, 20 miles; total
litigation, all valid certificates allowed by U. S. Court paid on presenta¬ leased, 1,319 miles. Total operated directly, 1,790 miles. Owned
tion). Gross earnings in 1880, $643,130; expenses, $451,335; net, jointly—Burlingame to Manhattan, 57 miles. The Kansas City Law¬
$191,795. Gross in 1881, $789,376; expenses, $502,952; net, $286,424. rence & Southern Kansas, 384 miles, was also acquired by purchase
of the stock in Sept., 1880, and the 5 per cent bonds due Sept. 1, 1920,
~(V. 32, p.499,611; V.33,p. 125; V. 34, p. 342.)
issued therefor (V. 31, p. 559), with sinking fund of 1 per cent a year.
Albany d Susquehanna.—December 31,1881, owned from Albany, NThe Kansas City Topeka & Western is leased, and the lessee pays
V, to Binghamton, N. Y., 142 miles; branches—Quaker Street, N. Y.» interest on the Kansas
City Topeka & West, bonds as rental. The 5 per
to Schenectady, 14
miles; Cobleskill, N. Y., to Cherry Valley, 21 cent bonds were issued for stocks and bonds purchased, and 4*a per
miles; operates Lackawanna & Susquehanna Railroad, 22 miles ;
cents for extension of the line to Doming and El Paso, and have the
total operated, 199 miles. Chartered
April 19, 1851, and road opened 6 per cent mortgage
of the Rio Grande Mexico & Pacifio and
14,1869. Steel rail, 135 miles. Leased in perpetuity from Feb.. the Rio Grande & El bonds roads
Paso
deposited as security for them. The
to Delaware & Hudson Canal Company; rentals, 7 per cent on
3870,
sinking fund is 1*2 per cent, rising to 3^ by 1910. The 6 per cent sink¬
stock and bonds.
Additions and betterments charged to lessors, and
ing fund bonds of 1881, due 1911, are secured by mortgage bonds de¬
cost made part of investment.
In 1871 lessees built the Lackawanna &
posited, as stated in V. 35, p. 373. They are redeemable by the sinking
Susquehanna Railroad from Nineveh to their Pennsylvania coal fields, fund at 105.
Such bonds as are held in the company’s treasury, or
and secured the
joint use of the Jefferson Railroad.
This opening leased line bonds held as collateral for any of
its own bonds given
gave a.large coal trafiio to the road and to the other Delaware & Hud¬
above, are not included in the above amounts outstanding.
son leased roads north
from Albany to the Canada line. The consoli¬
The Sonora RR. in Mexico was purchased in March, 1882, by giving
dated mortgage is for
$10,000,000, of which $3,450,000 is to retire oltl one share of A. T. & S. F. stock for two shares of Sonora stock or $200
bonds, and balance for a part of old stock and to lessee for improve¬ in income
bonds, and the Sonora 1st mortg. bonds were guaranteed. (See
ments. Gross earnings in
1879-80, $1,538,982 ; net, $657,288 ; 1880-81,
34, p. 315. 461.)
gross, $1,840,049; net, $638,974. (V. 32, p. 99, 205.)
The Leavenworth Topeka & Southwestern RR. stock (four-fifths of it)
an lle9any Central.—Narrow
gauge road from Olean, N. Y., to Swains, was acquired in September, 1882, and the bonds at 4 per cent guaran¬
62 miles.
The road was completed July 1, 1882. The total issuo of 1st teed.
(V. 35, p. 297.)
mortgage bonds is $600,000, and the bonds are redeemable anv time at
An agreement was made in Feb., 1SS0, with the St. L. & San Fran., for
10o. Capita) stock,
$1,000,000. F. S. Smith, President, Angelica. N.Y., the joint construction of a line to the Pacific, under name of Allan. A Pac.
Archer
.
‘
N^Martui_, Vice-President, N. Y. City. (V. 34,
-AJ^focny Valley.—Dec.
p. 625, 679, 714,
31,1881, owned from Pittsburg, to Oil City,Pa.,
vid- miles; branches—Red
Bank, Pa., to Driftwood, 110miles; others, 17
miles; total operated, 259 miles. Chartered
April 4,1837. Road opened
t° Oil City (132 miles) Feb.
Low-Grade Div., Red Bank
to Dnftwood
(110 miles) opened May 4, 1874. The company became em¬
barrassed in 1874 and compromised with its creditors. It still falls
short
Pi
interest liabilities. The amount of income bonds authorized
is
$1.0,000,000; these receive all revenue left after interest on prior
liens, and any deficiency is made
up by additional issues. The income
J.0PP011 receives what there is in cash and balance in bond scrip.' Of the
2, 1870.
For terms see Atl. <fc Pac.; St. L. A S. F.
The annual report for 1881 was published in the Chronicle, V. 34,
p, 459. Income, etc., for four years were as follows:
1881
1879.
1880.
1878.
$
2,970,609
9,051,623
562,278
$
987,496
$
1,353,231
$
1,786,901
2,826.484
136,8S8
4,883,435
144,777
6,499,981
270,094
Total gross earnings.. 3,950,868
Total operat’g expens. 2,066,970
0,381,443
2,963.128
8,550,970
4,374,287
12,584,509
3,418,315
4,182,089
^521,183
1381.
Earnings—
Passenger
Freight
Mail, express, &o
Net
earnings
1,883.898
•
8,063,326
INCOME ACCOUNT.
1878.
Passenger
Mileage.
33,976,416
16,119,027
1%1 32, - 17.292,869
(».
p. 367
525
Gross
Freight (tou)
Net
Mileage.
Earnings.
Earnings.
$94,606,809
$1,745,316
$761,835
107,352,4 10
1,919,528
632,301
127,015,207
2,169,786
901,67°
V 33.p. 410, 467; \ . 34, p. 434; V. 35, p. 404.)
Receipts—
Net oarniners
Fottawat’e land aeVt.
Rentals and interest..
Sundry credits
Total income
1879.
1SS0.
$
1,883,898
$
8
4,182,089
4,521,183
44,691
$
3.418,315
139,322
130.739
00,034
120,148
229,837
1,928,589
3,748,410
4,302,837
4,751,020
EAILROAD
XY1
Subscribers will confer
STOCKS
AND
BONDS
great favor by giving immediate notice of any error discovered in these
Tables.
a
DESCRIPTION.
Miles Date Size, or
For explanation of column headings, Ao., see notes
of
of
par
on first page of tables.
Road. Bonds Value.
At.Top.d S.Fe— (0<mt’d.)-Cow.Sum.AFt.S.,lst M.,gu.
Marion A McPherson, 1st mort., guar
Pleasant Hill A De Soto, 1st M., gold.
Florence El Dorado A W., 1st mortgage, gold
Leavenworth Topeka & S. W.—1st mort., guar
New Mexico A So. Pacific—1st mortgage, gold—
Sonora RR., 1st mort., gold, guar. ($20,000 p. m.)
Atlanta d Charlotte.—New pref. mort
Mortgage bonds
Income Donds, registered (not cumulative)
Atlanta d West Paint—Stoca
Debenture certificates for dividend
Atl.dPac. —l8tg.,s.f.,cp.or rg.($25,000p.m.onW.D.)
Income bds., non-cum’tive, ($18,750
p.m.onW.D,)
1st RR. A land grant bonds on Central Division..
1st land grant bonds on Central Division
Atlantic & St. Lawrence—Stock ($5,457,100
stg.)..
1st mort. to City of Portland (sinking fund)
2d mortgage,
3d
do
sterling, 5-20
do
44
31
50
295
265*3
265*3
Austin d Northwestern (lex.)—1st mort
34
1878.
$
401,267
790,513
$1,000
1,000
...
411
421
263
104
...
....
1864
1871
500
1,000
1,000
1,000
1,000
1,000
1,000
....
Sinking funds.
Sundry debits.
Miscellaneous
2,603,779
£100
£200
£200
7,744.000
1,000
3,000,000
140,000
....
s
....
366,000
1881.
$
45,799
56,390
634,620
72.812
40,490
35,125
1,311,579
941,717
1,132,072
3,748,410
4,302,837
4,751,020
21, 265, 297, 339, 373, 456,
687.)
within
160 miles of that point.
The company
Pacific line, of about 600 miles, in connection with was
the
Atchison Topeka & Santa Fe and the St.
Louis & San Francisco
which companies guarantee 25
per
cent of the gross earnings
over their respective lines to and from
this road, one
pletion, provided its own earnings are insufficient to year after its com¬
pay coupons. The
bonds were sold, with a bonus of $750 in
income bonds for eacn $1,000
first mortgage. The 1st mort. cou. bonds
are $1,000
and reg.
$5,000 each The stock authorized is $100,000,000, eachissued to bonds
and
July,
1881, $19,760,300, nearly all owned by the Atch.
Top. & S. Fe and the
fit. Louis & San Francisco
companies equally, and held in trust for
30 years for those two companies. In
January, 1882, most of the St.
Ixmls A San Francisco
Company’s stock passed into control of Jay Gould
andC. P. Huntington, and the new
the Atlantic A Pacific road is to be arrangement made stipulated that
completed during 1882 to the Color¬
ado River. The Southern Pacific will
build east to meet it, as the act of
Gongress of July 27. 1866, requires, and
agrees to pay to the Atlantic &
Pacific 25 per cent of its gross
to be applied to the payment of earnings on through business, which is
interest on the Atlantic & Pacific bonds,
the same as the Atchison
Topeka & Santa Fe and the St Louis & San
Francisco companies. The Atlantic A
Pacific, in consideration of this
agreement being carried out.
stipulates that the present subscription
ahallbe reduced from
$16,500,000 to less than $6,600,000. Of the
latter amount
a
about $6,000,000 will be
required to finish and equip
the Colorado River, and the balance
to go towards building
division from Vinita to
Albuquerque. The land grant claimed
old Atlantic A Pacific
grant is 25,600 acres per mile in Terri¬
12,800 acres in States, and on
completion of the first 50
miles, October. 1880. theU. S.
Attorney General held the company was
entitled to lands on that section.
(V. 33, p. 99, 356, 357, 467, 621; V.
263, 488, 573,707; V. 35, p. 50,51,235,320,430,
431, 003, 730, <37.)
AtlaiUic d St. Lawrence.—June
30, 1882, owned from Portland, Me., to
Island Pond, Vt. (and
branch), 151 miles, there connecting with Grand
Trunk of Canada, to which
leased for 999 years,
August 5, 1853, at
* rental equal to 6
per cent on stock and bond interest.
$5,484,000, of which $27,000 is in U. 8. currency. The bonds toCapital,
< ity of
Portland are now provided for
by accummu1 ations of sinking fund.
its road to
Its central
under the
tory8 and
?£’P*60*
Savannah.—Sept. 1, 1882, owned from Milieu to Augusta,
Ga., o3 miles. Chartered as Burke
County
I^««edto Central of Georgia for $73,000 in 1838 and opened in 1854.
per an u urn.
Has no bonded
debt. The capital
($1,<>22,900) represents its cost. Dividends of 34 per
cent are paid Jnne and Dec.
each year. Has a considerable
surplus fund.
Austin d Northwestern.—Line of
road, Austin, Tex., to
Burnet, Tex.
Where Payable, and by
Whom.
Sto
Bost., N.Bk. of Republic
Oct.
A. A 0-
O.
O.
O.
O.
....
g.
g.
g.
g-
v/p^ucu umu.
$
774,740
866,663
1,841,021
132,030
4,494
Atlantic d Pacific.—Road completed from
Albuquerque, on Atchison
Top. A Santa Fe, about 405 miles, to Oct., 1882, ana in
progress to Big
Colorado River, 160 miles further, where it will
meet tne Southern Pa¬
8,120,878
8.856,650
720,000
*
...
Atlanta d West Point—June 30.1882, owned from
East Point, Ga., to
West Point, Ga.. 81 miles; leased, 6*3
miles; total operated, 87*3 miles.
In April, 1881, a controlling interest in the
stock was purchased by W.
M. Wadley and others for tne Central
Georgia, and a stock dividend of
100 per cent was afterward declared in
debenture certificates. Gross
earnings in 1880-81, $418,054; net, $107,634; in 1881-82, gross,
$430,010; net, $175,494. (V. 33, p. 224 ; V. 35, p. 160.)
**
579.500
„
0
g-
A
A
A
A
Stock, $600,000.
cks~—Last
Dividend.
1, 1909
Oct. 1, 1909
Boston, Everett N. Bk.
1907
Boston, Bk. of No. Am. July 1,
1907
do
do
Boston.
April'i‘,
1909
do
1910
0. N.Y. Central Trust Co.
April 1,1897
J.
do
do
O.
1907
do
do
April 1,1900
J. Atlanta, Ga.,
atTreas’y. Aug. 1. 1882
J.
do
do
1891
J. New York and Boston.
July 1, 1910
O.
Oct. 1, 1910
A N.
New York.
1891
Mat.
do
1901
A S, London, Gr. Trunk Rw.
Sept. 15,1882
A N.
Nov. 1, 1888
A. A O.
liOndon, Gr. Trunk Rw. Oct. 1, 1884
M. A N.
do
do
May 1, 1891
J. A D.
Savannah.
Dec. 4, 1882
.
A.
J.
A.
J.
J.
J.
A.
M.
At
M.
M.
.
.
.
A
A
A
A
A
A
A
J^ 1,
....
J. A
M. A
J. A
J. A
A. A
M. A
J. A
M. A
t> gM. A
6
J. A
5
J. A
6
A. A
6
J. A
6
]J. A
2,6021220
.
gg.
A.
A.
A.
A.
6
6
5
3
4
6
6
6 g.
6 g.
5,000,000
....
7
7
7
7
4
7
7
7
7
6
6
3
6
6
6
6
3
6
6
6
3*3
400,000
14,792,566
.
1880.
p.
also
712,932
1,032,200
420,000
1,710,000
$
836,772
795,446
691,311
p.
building
5,484,000
762,000
1,499,916
1,000
Atlanta d Charlotte Air-Line.—Dec.
31, 1881, owned from Charlotte,
N. C., to Atlanta, Ga., 269 miles. Successors of
Richm. & Atl. Air-Line,
"Which was sold under foreclosure December
5, 1876, and the existing
corporation was formed
February 27, 1877. On March 26, 1881, the
road was leased to the Richmond A Danville
at a rental of $462,000
per year, equal to the interest on debt and 5 per cent ou stock; if
gross earnings of A. A C. A. L. exceed $1,5^0,000, dividends to be 6
per cent; and if they exceed $2,500,000 7
The line
per cent.
forms the Southwestern Division of the
Piedmont Air-Line (under
control of the Richmond
& Danville Railroad), extending from
Richmond, Va., to Atlanta, Ga., 550 miles. Capital stock $1,700,000.
Total receipts in 1880, $951,688;
expenses, $587,550; net, $364,137.
In 1881 (9 months), $744,618; net,
$180,536. Two and one half per
cent paid on stock Sept., 1882.
(V. 32, p. 443; V. 33,
cific,
1,189,905
795,000
£100
£100
100
Land grant estimated to be 2,932,784
acres, of which 1,058,758 acres
were sold to January 1, 1882; in
1881, 50,033 acres were sold, for
$261,544, or $5 22 per acre, and dead sales of 7,706 acres for $51,194
were canceled.
(V. 33, p. 23, 357, 411, 502; V. 34, p. 31,113.175, 243,
315. 457,461,474,573,707; V. 35,
546.)
10,000,000
7,500,000
....
1879.
734,527
1,727,195
-
1,048,000
1000&O.
50 Ac.
,928,589
Dividends
Pay’ble
1,232,200
1,232,200
....
864,273
When
Cent.
4,250,000
500
100
100
100
1853
1870
1855
1872
1874
1875
1877
1879
1855
1878
Rate per
4,425,000
500,000
500,000
....
1880
INTEREST OR DIVIDENDS.
$798,000
713,000
120,000
310,000
1,380.000
....
do
Bonds to State of Maryland
Outstanding
£100
151
Loan, 1853
Loan, ster., (s. f. £7,500) lien on Chic, line bonds
Bonds on Parkersburg Branch
Northwestern Virginia, 3d mortgage, 1855-85
1881
1880
1880
1871
Amount
....
60
Bald Eagle Valley—Gen’l mort.,(s. f. $4,000 per
54
yr.)
Biltimore d Ohio—Stock
1,544
Preferred stock
Loan due in 1880, extended
1870, sterling, £800,000, sink, fund
Baltimore loan, 1855-’90, sink, fund
Sterling mortgage, sinking fund
Sterling mortgage, sinking fund
1879
1879
1877
1877
1882
1878
1880
1877
1877
1880
87
150
150
53
years
do
Augusta d Savann ah—Stock
Distmrsem ents—
[Vol. XXXV.
J.
N.
J.
J.
O.
S.
J.
8.
N.
J.
Pliila.,Far. A Mech.N.Bk Jan. 1, 191C
Baltimore Office.
Nov. 1, 1885
Balt., Merchants’ Bank. Jan., 1883
Baltimore Office.
London.
Baltimore, Office.
London.
London, Speyer Bros.
Baltimore, Office.
D. Lon.,J. S. Morgan A Co.
O. Balt. AN.Y.,D. M A Co.
J. Balt., Balt. A O. RR. Co.
J.
do
do
X, xou^.
akvo
u
auuu
cvxxu
VI
1885
1895
1890
Mch. 1, 19<
1910
1883-190C
June 1, 19!
April 1 19]
1885
July i, i8i
VVV,VW
cKJitVj.
Bald Eagle Valley —December 30,1881, owned from Vail
Station, Pa.,
Milesburg, Pa., to Bellefonte, Pa.,
Moshannon, Tenn., 22 miles; total operated. 89
miles. Opened December 7,1864, and leased to
Pennsylvania Railroad
Company for 99 years. The branch is the joint property of the lessors
and lessees. Rental, 40 per oent of
gross earnings. Interest,
$24,000,
and dividends (January and July, each 2*3
per cent), $27,500. In July,
1881,4 per ct. div. was paid. Stock, $850,000. The gen.
mort., dated
Jan. 1,1880, was provided for the
replacement of the two series of
bonds. In January, 1881, purchased the Bellefonte &
Snow Shoe road
for $300,000 in stock. -(V.
32, p. 99, 396.)
to Lockhaven.Pa., 51 miles; branch,
4 miles; Snowshoeto
Baltimore d Ohio— Mileage is as follows: Balt, to
Wheeling (main)
370 miles; Branches—To Locust Point 5, Camden cut-off
2, Junction to
Frederick City 3, Pt. of Rocks to Washington 43.
Bridges 3; total
ed, 426; branches leased—Hyattsville to Shepherd, Md. 13,
own¬
Winchester
Harper’s Ferry 32, Winchester to Strasburg 19. Strasburg to Harri¬
sonburg 49; total branches leased, 113; total B. AO. main and branches
539: leased, controlled and
operated—Relay House to Washington 31,
Grafton to Parkersb’g, W. Va., 104,
Wheeling to Washington, Pa., 32.
Pittsburg to Cumberland,Md., 150, Berlin Branch RR 9. Mineral Point
to Johnstown 46, Weavert’n to
Hagerstown, Md., 24, Harrisonburg to
Staunton 26, Broadford to Mt. Pleasant, Pa., 10, Connellsville to
Uniontown, Pa., 13, Bellaire to Columbus, O., 137,
Sandusky to Newark, 0.,
116. Newark, O., to Shawnee, O., 44, Chicago
Junction, O., to Illinois
Junction. Ill., 263; total leased and controlled, 1,065; total
operated,
1,544.
to
An abstract of the last annual
report is given in the Chronicle, Vol.
35, p. 600, aud contains the following remarks: “ It is shown
by the'
report of the Transportation Department that the tonnage of
merchandise east and west has been 2,043,227 tons; whilst in through
the pre¬
ceding year it was 2,014,110 tons, and 1,980,397 tons in 1880, and
1,425,629 tons in 1879.607,038 barrels of flour and
8.343,240 bushels of grain
were brought to Baltimore
during the fiscal year. Of this aggregate of
grain 6,586,814 bushels were of wheat and 591,719 bushels were of
corn. The large falling off in the
transportation of grain as compared with
the preceding year arose from the
general deficiency in the crops of
the country, and from the operations of
speculators, which caused the
prices to advance to such figures as largely reduced the
exports from
the United States to Great
Britain, France, Germany, Bel/rium, the
Netherlands, Ac., and caused all countries consuming grain to seek it
elsewhere.
“The coal trade of the Main Stem shows an
aggregate of 2,521,226
tons, which includes 386,626 tons for the company’s
supply. The ag¬
gregate of coal and coke transported, including all divisions, was 5,
647.016 tons, showing an increaseffor the year of 1,107,389 tons.”
The
profit and loss account showed an increase for the year of $1,648,978,
against $1,697,038 in 1880-81. It will he seen by this account that the
nominal surplus fund, which represents invested
capital derived from
net earnings, and which is not
represented by either stock or bonds,
amounts to
$43,907,658.
The gross and net earnings of the main stem and its branohes and of
the other divisions, for the last fiscal
year, as compared with 1880-81,
were as
follows:
/—Earnings, 1881-82—> /—Earnings, 1880-81.—'
Gross.
Net.
Main Stem, Ac
Gross.
Net.
$10,556,570 $4,572,944 $11,122,259 $4,846,615
Washington Branch...
354,356
221,254
353,570
193,533
Parkersburg Branch
624,665
108,071
712,158
72,422
Central Ohio Division.
987,402
314,932
228,267
1,006,025
Lake Erie Division
940,769
234,701
899,791
112,373
Chicago Division
1,692,007
446,407
1,638,661
453,069
Pittsburg Division
2,979,789 1,542,125
2,500,548 1,124,473
Wheeling Pittsb. & B..
59,380
1,150
53,557
1,094
Newark S. & 8. RR....
188,937
13,078
41,548
177,304
..
....
Total
$18,383,875 $7,454,662 $18,463,877 $7,073,398
The aggregate working expenses of the Main
Stem, with all branches
and divisions, were 59*44 per cent
of the whole gross revenue, being
2*25 per cent less than the
preceding year.
Dividends for 5 years, 1872-77, 10 percent; for
1877-78, 7*3 per oent;
for 1878-79, 8 per cent; for
1879-80,9 per cent; since 1880, 10 per
cent. The three dividends from
May, 1878, to May, 1879, inclusive,
were paid in stock.
Results of operating all lines owned and controlled
for the five years 1877-82 :
Years.
Gross Earnings.
Operating Expenses.
Not Earnings.
1877-78...
$13,765,279
$7,769,301=56*44 p. c.
$5,995,978
1878-79...
14,193,980
7,091,595=54*18 “
6,502,385
1879-80...
18,317,740
10.330,770=56*39 “
7,986,970
1880-81...
18,463,877
31,390,479=61-69 “
7.073,398
...
...
..
..
1881-82...
...
18,383,875
10,929,213=59*44
“
7,454,602
The Baltimore A Ohio direct bonds of 1879 on
Parkersburg Branch are
secured by deposit of mortgage on that road. (V. 33.
411,
686,641; V. 34, p. 1, 60, 116
;
V. 35,
p. 130,
p.
502, 575,
430, 589, GOO, 603.)
RAILROAD
1882. J
December,
DESCRIPTION.
explanation of column
on
Hallimore &
AND
headings, Ac., see notes
first page of tables.
Potomac- 1st M
Miles
Date
of
of
Road. Bonds
1*2
(tunnel) gold, s. f. 1 p. c.
f. 1 per cent
tunnel, reg
89
90
52
52
56
64
64
64
67
59
22
3/3
1st mort„ road, gold, coupon, s.
2d mortgage, income, road and
BeUtSaUdElDorado-lst(mt. guar.St.L.A.&T.H.)
B^ritte^South" DL-lfit M. .sink’gextended, guar.
f uiid,* guar
Pel.—1st mort.
due 1877,
2d mortgage bonds of 1854 (guar, by C. & A.)
3d mortgage bonds of 1857 (
do
do )
Consol, mortgage of 1876.. A
Pennington <£■ Rutland 1st moitg.ige...............
Ttrlridere
Berkshire—Stock. ------Boston & Albany—Stock
Plain bonds, coupon or registered
Loan of 1875, coupon or registered
Bonds issued to State lor its stock
Boston Bar re & Gardner — 1st A 2d mortgages
3d mortgage (convertible into stock)
Chn.it Fitciib. dt N. B — Stock, common
Stock, preferred...............
1st mortgage, Agricultural Branca
....
38
or
Par
*2
Amount
Equipment notes
Bonds, guar, by
Boston Concord
Com. and new
Sinking fund
lease to Old Colony
$1,500,000
6 g.
J.
1,000
500
500
1,000
1,200,000
1877
1,000
475,000
6 g.
6
7
6
8
6
6
6
7
7
A. A O.
J. A J.
1854
1857
1876
3,000,000
2,000,000
220,000
330,000
1,059,000
1,000,000
499,500
100
100
600,000
20,000,000
1,000
1,000
5,000,000
1,000
....
....
1,000
1,000
745,000
it Montreal—Old preferred stock...
pf. stock (new pf. stock is $510,400)
bonds
Consolidated mortgage bonds (for $2,000,000)....
Improvement mortgage bonds
Bost.IIoosac Tun.d:West.—,rlst M.,g’ld ($25,000 p.m.)
Boston <&
Bonds
Bonds
i
•
Bonds
•
1.323,000
$1 50
1,750,000
400,000
3 50
6
7
7
6
5
3
100
100
100 Ac.
200 Ac,
500
1872
1875
1876
1879
•
•
•
•
•
....
Stock, $1,000,000.
Belleville rf* Southern Illinois—Dec. 31,1881, owned from Belleville
Ill., to Duquoin, Ill., 56 miles. Chartered Feb. 15,1857; opened Dec. 15
1873, and leased Oct. 1,1866, to St. L. Alton & Terre Haute Railroad Co
cent of gross earnings up to $7,000 per mile; 30
per cent above $7,000 and up to $14,000 per mile, and 20 per cent on
any excess of $14,000 per mile. Rental for 1879, $116,490; for 1880,
$147,344; for 1881, $146,662. Interest on bonds and sinking fund
$5,000 per year, guaranteed by lessees. Common stock, $405,000; pre¬
Lease rental 40 per
4hi in 1881; 4hi
Dividends
on pre¬
1880; $1 05 in 1879; 62c. in
1878; 68c. in 1877; 65c. in 1876; $1 80 in 1875; $1 in 1873. Operated
in
in connection with the Belleville Branch of St. Louis Alton A Terre
Haute Railroad, and Belleville & El Dorado Railroad. Except on coal
and
on
contributed business of Belleville & El Dorado Co. 30 per cent.
and third bonds
are
Chartered March 2, 1853..
Companies, and transferred
by which operated as their
Rental, all surplus earnings; but the first, second
guaranteed. In 1881 net earnings were $479,067,
$261,050.
Bennington cf Rutland.— December 31, 1881, owned from Rutland
Bennington, Vt., 57 miles; branch, North Bennington to New
York State Line, 2 miles; total, 59 miles.
Chartered as Western
to
Vermont in 1845, and completed in 1854. Leased in 1857 to Troy &
Boston for 10 years at $36,000 per annum. Consolidated in Harlem
extension in 1870, and leased to Central Vermont in 1873, but lease
abandoned by lessees. Since September 10, 1877, the Vermout division
(as above) operated by the re-organized Bennington A Rutland. Stock
in
usually omitted.
Miles.
Freight (ton)
Mileage.
Gross
Mileage.
101,248,321
325,484,799
6,427,463
7,741,118
7,875.285
7,790,372
Ac.
Passenger
Net
Receipts.
Receipts.*
1877-8.. 322 $101,221,955 $329,708,573 $6,633,534 $2,219,536
1S78-9..324
*
....
113,154.374 375,452,804
373 135,42L102 417,108,612
369 151,255,032 347,317,338
Net receipts include income from rents,
-(V. 33, p. 224, 467, 5G1, 714
5
Div.
p.
ct*
8
2,703,638
2,492,618
2,18(5.873
8
8
8
2,189,381
8
V. 31, p. 488; V. 35, p. 235, 515,637.)
Boston Barre it Gardner.—Sept. 30, 1881, owned from Worcester to
Wmehendon, Mass., 37 miles. Chartered m 1847, aud road completed
Leased Monadnook RR. for 99 years from October 1, 1874,
and lease transferred to Cheshire RR. in
June, 1880.
Interest has
been reduced to 5
percent. 1 iterest liability at 5 per cent, $27,715.
1S95
April 15,1882
Oct. 14, 1S82
J. A J. Boston, Boston N. Bank July 1, 3 884
do
J. A J.
J. A D.
Various
do
do
do
do
.
do
do
do
1889 A ’90
July 1, 1894
J. A J.
M. A N.
Boston, N. E. Trust Co.
Boston, Office.
J. A J.
A. A 0.
J. A J.
1883, ’85
Boston, Office.
J.
A.
M.
J.
i J.
A
A
A
A
A
Jan. 1, 1910
Nov 15, 1882
1889
1893
1911
1911
do
do
do
do
New York and London.
J.
O.
S.
J.
J.
Boston, at Office.
do
do
do
do
Jan. 1, 1883
April 1, 1892
March 1,1895
July 1, 1896
July 1, 1899
do
do
do
do
Gross receipts in 1879-SO, $183,866; net,
; net, $18,377.
(V. 33, p. 200.)
$40,454; in 1830-SI,
gross,
Boston Clinton Fitchburg if Xew Bedford—
Sept. 30, 1882, owned from
Fitchburg, Mass.,to New Bedford, Mass., 91 miles; branches, 34 miles;
leased, Framingham A Lowell RR., 26 miles; total operated, 151 miles.
Consolidation (June 1,1876) of theB.C. A F. and the N.B. railroads, both
of which had been consolidations of other original lines. The
Framing¬
ham A Lowell is leased for 998 years and 4 months from October, 1879.
The whole property was leased (Feb. 1, 1879) to the Old
Colony Railroad
Co. for 999 years, the lessees agreeing to pay as rental 10-q per cent of
the gross earnings of the consolidated roads. The rental and other
income for the year ending Sept. 30, 1832, was $439,054, which
left,
after
paying all charges, a surplus of $142,486 applicable .to dividends.
The preferred stock takes 7 per cent per annum first, and after 7 on the
common.it is not certain
as to
the division of any surplus. (V. 35, p. 574.)
Boston Concord tC Montreal.—March 30,1882, owned from Concord,
N. H., tc Wells River, N. II., 94 miles; branches—Wells River, N. H., to
Groveton Junction, 51 miles; Wing Road to Mt. Washington, 22 miles;
total operated, 167 miles. Chartered in 1844 and road opened in 1853.
Purchased White Mountain Railroad (53 miles) in 1872, and built the
Mt. Washington Branch (20 miles) in 1874. An extension of the WRite
Mountain Railroad from Littleton to Groveton Junction is mortgaged.
Fiscal year ends March 31.
Gross
Available
Expenses,
Years.
Miles.
Revenue.
Taxes, Ac.
Earnings.
1877-78
167
654,272
453,172
201,100
1878-79
590,550
388,932
201,618
1879-80
167
678,123
477,251
200,871
1880-81
167
797,556
586,172
211,383
1881-82
167
669,157
902,906
233,745
The old
-
preferred stock ($S00,000) has received 3
per
cent semi-annually,
com¬
USj
A
Lowell.
The
Lowell A
and
Lawrence
Salem A Lowell
Railroads, operated for some years under lease, were purchased and
consolidated in 1S79, the Boston A Lowell assuming tneir bonds,
which cannot be paid off before maturity. A joint business was formerly
done between the Boston A Lowell and the Nashua A Lowell, but from
December. 1878, they were under separate managements until the B. A
Boston cf
Years.
*
Boston, Office.
....
$174,688
Boston
pay taxes, Ac., and for this reason the quarterly dividend due in October
business between tlio seaboard and the West, which reduced the rate on
through traffic to a very low point. The last annual report was in V. 35,
p. 637. Results of operations for live years were as follows:
do
1895
1.
April 1, 1902
April 1, 1893
Lawrence, 12 miles; others, 19 miles; leased, Middlesex Central and
branch, 12miles; total operated, 87 miles. Chartered in 1830, and lino
between Boston A Lowell opened in 1835. In August, 1881, a contract
for joint running arrangement was made with the Concord Railroad, on
basis of 40 per <*ent of net earnings to Concord and 60 per cent to
1S81 gross earnings
Albany.—Sept. 30, 1882, owned from Boston, Mass., to
Albany, N. Y., 202 miles; Springfield to Athol, 48 miles; numerous
branches, 48 miles; leased lines, 74 miles; total operated, 369 miles.
The B. & A. was formed (Dec., 1867) by the consolidation of the Best.
A Worcester and the Western railroads. The five per cent bonds of 1882
were issued to the State of Massachusetts in
exchange for 24,115 shares
of B. A A. stock held by the State. In 1881 and 1882 the loss in
receipts
was partly owing to
the tleree competition between the trunk lines for
do
1916
1907
1882
1882
1892
Boston if Lowell—Sept. 30.1881, owned from Boston to Lowell (double
and steel), 27 miles; branches—Salem A Lowell, 17 miles; Lowell A
Berkshire— Sept. 30, 1882, owned from Connecticut State Line to
West Stockbridge, Mass., 22 miles. Leased in perpetuity to Ilousatonic
Railroad Company at 7 per cent on capital stock, $600,000. Lessors
is
Worcester, City Nat. Bk.
1,
1,
July 1,
Dec. 30,
Feb. 1,
toga to Sehuylersville, N. Y., 13 miles; total, 70 miles. Projected line,
Hoosac Tunnel, Mass., to Buffalo, N. Y. The Continental Construction
Co stopped and new plans Avere made by General Burt fbr the work.
Suits were begun by opposing interests, and the Attorney-General of
New York -‘State began a suit to annul tbe charter.
Earnings
oil 45 miles for
1880-81 were $286,775; net. $10,961. (V. 33, p.
384, 467, 716 ; V. 34, p. 60, 85, 114, 175, 203, 290, 407, 4S8; V. 35, p.
21, 51, 211, 265, 393.)
Capital stock, $994,050.
$1,004,000 (par $100), and bonds $475,000.
$212,734; net $49,576.
Jan.
Nov.
Boston Hoosac Tunnel cf Western.—December 31,1831, owned from
Massachusetts State Line to Schenectady, N. Y., 57 miles, aud Sara¬
Railroad, 12 miles; total operated, 80 miles.
and opened Nov. 3,1865. Leased to United
to Pennsylvania Railroad March 7, 1876,
and interest payments
6
6 A 7
6
6 g.
2h>
7
7
6
5
do
do
do
J.
O.
O.
J.
1915
OoL 1, 1896
1902
1885
1887
amounting to $48,000 a year. Neither the new preferred nor the
mon stock lias paid dividends.
(V. 33, p. 384; V. 34, p. 636.)
Bclvidere Delaware.—Dm. 31, 1831. owned from Trenton, N. J., to
Manunka Chunk, N. J., 67 miles; Millham Cut-off, 1 mile, Flemington
Belvidere Division.
500,000
750,000
620,000
•
from Du Quoin to El Dorado, 52 miles, and leased to St. Louis Alton &
Terre Haute. Rental 30 per cent of gross up to $2,500 per mile, and
15 per cent on all above that amount. Rental received for 1881,
:
999,500
•
•
CO
3,940,000
....
Belleville d• El Dorado.—An extension of Belleville & Southern Illinois
$1,275,000, non cumulative.
500.000
1,000
$966,432; expenses. $840,923; profits, $125,508; interest, $272,318;
deficit, $146,809. Income bonds wholly held by Penn. RR. Co.
ferred stock have been
1,000,000
024,000
1,931,400
1,000
Pennsylvania Railroad Co., and first mortgage bonds guaranteed by
ferred 8 per cent stock,
350,000
1,965,000
800,000
1,000
Pennsylvania Railroad and Northern Central Railroad Companies. Capi¬
tal stock, $3,553,250, funded debt, $0,500,000, and other liabilities and
accounts, $302,559; total, Dec. 31,1881, $10,355,809. Road and eqmpment, $9,099,295; materials and cash assets, $149,896; profit and loss,
$1,106,617. Gross earnings in 1880, $790,147; expenses, $632,663;
profits, $157,484; interest, $272,342 ; deficit, $114,858. Gross in 1881,
$14,640.
400,000
A
A
A
A
1.
July, 1, 1910
Aug. l, 1920
July
6
Baltimore if Potomac.—Dec.31,1881, owned from Baltimore. Md., to
Bowie, Md., 24 miles; Bowie to Pope’s Creek, 49 miles: branch—Bowie
to Washington, D.C., 17 miles; total operated, 90 miles.
Chartered in
1853; road opened to Washington in 1872 and to Pope’s Creek in 1873
Baltimore Tunnel opened in summer of 1873. The road is controlled by
the
.
100,000
....
....
Jan.
....
552,000
April 1, 1911
O.
N. Y., 39 Wall street.
D. Philadelphia, Pa. RR.
S.
Philadelphia.
A. Philadelphia, Pa. RR.
J. Treasurer, Trenton,N. J.
N.
N.Y., Union Trust Co.
F. A A.
J.
A.
A.
J.
July 1, 1911
m 9
3,858.000
554,000
2,000,000
1,000
1873
1881
1881
...
m
Boston, Office.
....
1858
....
Bonds
A
A
A
A
A
A
m
....
....
....
.....
N.Y.
Baltimore.
m
A.
J.
M.
F.
J.
M.
or
Stookbridge, Treusurer.
100 Ac.
....
87
London
Q.-J.
....
1880
....
Lowell—Stock
or
Stocks—Last
Dividend.
Phila., Penn. RR. Co.
Q.-J.
1864
100 Ac.
’69-’70 500 Ac.
1874
1,000
160
166
& J. Balt,
2
7
6
5
5
....
....
....
-
Payable
1%
....
....
120
167
Bonds—Princi¬
pal,When Due.
Where Payable, and by
Whom.
When
$1,000
....
....
Rate per
Cent.
1871
1871
1875
1880
1880
1866
1877
187-09
1879-20.3
Bonds
discoYered in these Tables.
Outstanding
1881
151
151
29
43
58
error
Value.
1882
....
xvu
INTEREST OR DIVIDENDS.
Size,
3 872
1875
....
18(59-70.
Mortgage bonds
BONDS.
confer a great favor by giving Immediate notice of any
Subscriber* will
Vnr
x u1
STOCKS
Lowell leased the N. A L. for 99 years
was
held invalid and
from Oct. 1,1880, but tbe lease
joint arrangement ay as made.
Gross
Years.
Receipts.
$1,081,066
1877-78
,
a
..
...
..
1.198,962
1.399,316
1.872,656
Net
Rentals.
Receipts.
-PavmentsInt. A inisc.
$94,718
67,593
$319,528
392,580
Div.,p.o
$116,349
161,S90
00*2
259,318
2
3
4
133,690
298,057
4
A
422.698
584,269
-(V. 33, p. 225, 254, 357; V. 34, p. 85, 315, 520; V. 35, p. 160.)
Boston d: Maine—Sept. 30,1882, owned from Boston, Mass., to Portland,
Me., 115 miles; branches, 11 miles; leased—Wakefield to Danvers, 10
miles; Lowell to Baliardville, 10 miles: Bradford to Newbury port aud
Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
N. II., to Alton Bay, N. II., 29 miles; total operated, 206 miles, less 3
miles leased. Main line oue-tliird double track and all steel rail. The
last annual report was in V. 35, p. 636; earnings, Ae., were as follows:
Years.
1877-78...
1878-79...
1879-80...
1880-81...
1881-82...
Gross
Expenses
Net
Outsido
Av’il’ble Div.
A Taxes.
Earnings. Receipts. Reveuue. p.c.
Earnings.
$83,717 $825,091 6
$2 100,741 $1,359,367 $741,317
88,964
884,066 6 >
1,351,755
795,102
2,149,857
927,252
94,382 1,021,634 7J*
1,511,018
2.438,270
86.300
2,(01,215
937,659 8
1,749,856. 851,359
1,929,854
2,768,320
838,472
82,404 920,876 3
(V. 33, p. -341 ;JV. 35, p. 21, 574, 636.)
m
RAILROAD
xvni
Subscribers will confer
ifc'J
a
STOCKS
AND
BONDS.
Miles
Date
Size,
of
first page
of
Road. Bonds
of tables.
Boat. d Lotcell— (Confin'd)—Lowell & Lawr., bonds
Salem A Lowell, bonds
Boston d Maine—Stock
Bonds, coupon and registered..
Boston d New York Air-Line—Stock, preferred
1879-02
1st
mort., gold
18*73-4
54
50
68
m
m
m
54
1*880
•
•
•
($1,000,000), guar, by L. I. RR.. gold.
Buff.Brad.d Pitts.—Gen. M.,(incl. 10,000 ac. I’d)
Buffalo Neic York d Erie—Stock
New mort.
First mortgage
Buffalo N. I. d Philadelphia—1st mort., gold
1873
1881
1879
Buffalo Pittsburg d Western—Common stock
<
ent.
Not cumulative)
1
500 Ac
1st mortgage
Iowa City A Western, 1st
j 274
mortgage, gold,
guar..
Cedar Rap. I. Falls A N. W., 1st mort., gold, guar,
do
do
1st M. (2d on 55 m.). guar.
1,000
1,200,000
50
50
1,000
Boston d
Providence.—Sevt. 30, 1882, owned from Boston, Mass., to
Providence, R. I., 44 miles; branches, 20 miles; leased, Attleborough to
North Attleborough. 4 miles; total operated, 68 miles.
Chartered
In 1831, and road opened in 1835. The
company have valuable depot
properties in Boston. (Annual report in Chronicle, V. 35, p. 544.)
Gross
Net Traffic
Earnings.
Divi¬
dends
8
8
8
Earnings.
$1,304,520
$355,748
1,419,313
395,403
1,584,839
352,330
Notes outstanding September, 1882, $360,000, due in 1882-3-4-6.
(V
33, p. 561 ; V. 35, p. 544.)
Bradford Eldred d Cuba.—Eldred, Pa., to Bolivar aud Wellsville
N. Y., and branch to Richburg, and Cuba to Little
Genesee, 54 miles
Stock, $500,000. R. G. Taylor, President. V. 35, p. 706.
Brooklyn Elevated.—In progress. Receivers were appointed October,
1880, and a compromise effected March 1, 1881, by which
tion was made and stock and bond scrip were assessed. reorganiza¬
There were
outstanding at that time $1,069,000 1st mort. bonds and $217,700 bond
scrip; $1,802,880 engraved stock and $1,497,683 scrip stock.
All were
assessed 20 per cent and Receiver’s certificates and income
bonds to
amount of about $350,000 issued for the assessments in certain
tions. Capital stock of new company was $4,000,000 authorized. propor¬
There
was some failure in the plan, aud in
July, 1882, a new agreement was
entered into. See V. 35, p. 102.
(V. 33, p. 441; V. 34, p. 203, 290; V.
35, p. 102.)
Brooklyn d Montauk—(Southern ol L. I.)— Brooklyn to Eastport, L. I.,
66 miles; brandies to Fresh Pond
Junction, 4 miles; to Rockaway, 10
miles; total, 80 miles. This was first the South Side Railroad of
Long
.
Stocks—Last
Dividend.
omTTTsG?
i>ct. 1,
the
1898
Nov. 15, 1882
Jan., 1893 & 94
Nov.
i;*i882
July l, 1893
Jim- 1, 1932
Sept. 1, 1917
Mar.' 1,*
Mar.
Jan.
Dee.
-Dec.
1887
1, 1911
1, 1896
1, 1882
1922
9,130,000
1,777,000
3,568,000
1,500,000
600,000
500,000
944,000
1,6 i0,000
943,800
1,500,000
5,500,000
6,500.000
584,000
825,000
1,905.000
50
1865
1,000
38
1862
1,000
25
1870
510 Ac.
120
1876
100 Ac.
61
1882
1,000
67
67
1877
1,000
f 45
100
369
1876 i 100 Ac.
73 j 1879 I 1,000
55
1880 j
i.eoo
182 J ) 881 !
1.000
297, 320, 371, 404, 455, 637.)
S. N. Y„ Gallatin Nat. B’k
8 N.Y., Corbin Bai.k’g Co.
J. New York, Erie Olliee.
D.
N. Y., Erie Railway.
D.
do
do
J. N.Y.,Farm’s’ L.A Tr.Oo.
pal.When Due-
1, 1916
July 1, 1896
Q.—M. Buffalo, F.A M. Nat, Bk.
1908
J. & J.
New York Agency.
July 1, 1921
7,000,000
1,000
....
1881
950,000
2,380,000
3,000,000
1,000,000
500 Ac,
500 Ac.
174.066. (V. 32, p. 635; V. 33, p. 411, 559, April V. 1882,
fross earnings were $297,291 in the year ending 662; 30, 35, p. and net
21,78
k-r
580,000
1,000
•
VI. &
M. A
J. A
J. &
J. A
J. &
250,000
100
1876
1871
1878
1881
1882
Boston d New York Air-Tune.—April 30,1882, owned from New Haven
Conn., to Wiilimantic, Conn., 50 miles; leased Tnrnervillc to Colchester
4 miles; total operated, 54 miles.
Formerly the New Haven Middletown A Wiilimantic.
In 1879 a pooling agreement (for 99
years and 8
months from Feb. 1,1879) was made with the N. Y. New Haven A Hart
ford RR, but a lease was made in Oct.. 1882, to the N. Y. N. H. A Hartf
Co. for 99 years at 4 per cent dividends per year on the
pref. stock and
interest on the bonds*; the common stock is $830,300. On the road, the
Years.
750,000
1,000
1,000
i
Mortgage bonds (for $7,500,000), coup
1st mortgage (W. A F. RR.)
1st mortgage (Oil Creek RR.) renewed 1882
1st mortgage (Un. & Titusville RR.)
2d mortgage (Pitts. T. A B.)
Oil City & Chicago—1st mort., gold, guar
Buffalo d Southirestern.—Stock (one-lialf of it pref.)
1st mortgage bonds, gold
Burlington O. Rapids d Northern—Stock
1,150,723
1,456,000
2,000,000
i
Preferred stock (6 per
294
294
500,000
500,000
Too
&
A
A
A
O.
Boston, at Olliee.
O.
do
do
N.
do
do
J.
do
do
& O. N,Y., N.Y. N. II. A H. Co.
F. A A.
N. Y., Hatch A Pooh?.
M. A N.
Boston, at-Oliice.
J. <fc J.
do
do
J. & J.
New York.
M. & S.
New York.
4,000,000
1,000
1,000
1867
1881
A.
A.
M.
J.
A.
500.000
100
Bonus -Pri^-
Rate per When Where Payable, and by
Cent.
Whom.
Payable
$200,000
226,900
7,000,000
3,500,000
2,700,000
1,000
907881
2d mortgage
Consol, 1st mortgage, gold
Trust mort., gold (secured by collaterals)
ni.t'SL
Outstanding
100
500 Ac,
100
•
1881
85
54
85
26
142
140
121
121
205
..
INTEREST OR DIVIDENDS.
....
203
....
Receivers’ certitic’s, paya.de in cash or 1st M. bds
Brooklyn d Mont an k—Stock ($1,100,000 is pref.)
South Side, 1st mortgage
or
Par
Value.
....
mortgage
Boston d Providence—Stock
Bonds to purchase branches, coupon or registered
Bradford Eldred d Cuba— 1st mort
Brooklyn Elevated— 1st
A w\',
great favor by giving immediate notice of any error discovered in
these Tables,
DESCRIPTION.
on
[Vol.
g-
A. A O.
F. &
A. &
.r. &
F. A
J. &
...
„
N. Y. City, 34 Pine St.
Pliila., E.W.Clarke & Co,
O. Pliila., Manuf’rs’ N. Bk,
j. Pliila., E.W.Clarke A Co.,
A. Pliila., ManufTs’ N. Bk.
A.
J
A D. N.
Philadelphia.
Y., First Nat.
Bank.'
J. Td. N. Y.. Central Trust
M. A S.
do
do
'A. A O.
do
ao
Ja. a o.
do
do
April 1, 1921
Feb. 1, 1896
Apr. 1, 1912
JuLy 1, 1890
Feb. 1, 1896
1922
Jan., 1883
July 1, 190S
Co.; June 1. 1906
Sept. 1, 1909
Oct.
1,
Oct.
1, 1921
1920
Allegheny, to Salamanca.
300 mill's, and from thence, if
it should
inability to make satisfactory terms with
the New York Lake Eric A Western
Railway Company 10* extend the
line to Olean, at the junction of the New York
Lake .Erie A Western
Hailway, Allegheny Central Hailway, Olean Bradford A Warren Rail¬
way, and the Buffalo New York A Philadelphia
Railway, a further dis¬
tance of 20 miles, making in all 320 miles from
Chicago Junction to
Olean.” * * *
“At the close of the fiscal year your
nrov4* necessiirv.
owimr
to our
.
following securities:
company had in its
treasury the
r
B. P. A W. RR. common stock, 7,100 shares
$355,000
B. P. A W. RK. preferred stock, 8,400 shares
420,000
B. P. A W. RR. general
mortgage bonds
415,000
N. C. A O. C. RR. common
stock, 3,000 shares
150,000
N. C. A O. C. RR. preferred stock, 9,000
shares
450,000
N. C. A O. C. RR. first
mortgage bonds
600,000
Oil City A Ridgway Railway A
Mining Company common stock 30^,090
“
And owed the following:
Balance due on loan incurred to purchase New Castle A
Frank¬
lin Railroad
$117,721
Betterments of New Castle A Frankliu Railroad
..
5J,000
Floating debt of P. B. A W. RR Co
85 000
For the year 1881 the gross earnings were
$ >98,968: net earnings,.
$244,692; credit balance of interest account, $32,317; from
which
deduct coupons paid, $264,040; leaving
a balance of $13,000
The preferred stock is entitled to 6
per cent, when earned, but is
not cumulative. In October,
1882, new stock was issued and new com¬
binations made, as per notice and advt. in Chronicle of
Oct. 28, 1882.
—(V. 33, p. 46, 467, 559, 641; V. 34, p. 85, 202, 377, 459,
575, 603; V.
35, p. 71, 102, 133, 182, 235, 266, 372, 478, 5 74, 705.)
Buffalo d Southwestern.—Sept. 30, 1881, owned from Buffalo to James
town, N. Y., 67 miles. Formerly the Buffalo A Ja
nestown; reorganized
in 1877 after foreclosure. In
July, 1880. leased to New York Lake
Erie A Western for 99 years—at
35 per cent of gross earnings, but
interest on bonds guaranteed. Gross
earnings in 1879-80. $319,441.
First dividend Jan., 1883. (V. 33,
p. 687; V. 31, p. 133 ; V. 35, p. 705.)
Burlington Cedar RavUls d Northern.—Dec. 31, 1881, owned from
Burlington, Iowa, to Albert Lea, Minn,
miles; branches-Linn, Ia.rto Postville,
Riverside, la., 31 miles; Vinton, la., to
la., to Montezuma, 83 miles; Clinton to
(including 11 miles leased), 252
la 91 miles; Muscatine, la ,to
Holland, la., 48 miles; Elmira,
Noel, 24 miles; leased. Holland
to Emmittslmrg, 113 miles: total
operated, 615 miles: Organized as the
Burlington Cedar Rapids A Minn., June 30, 1868, and main line
opened
to Plymouth 219 miles, and
branches, 149 miles, to end of Sept., 1873.
Defaulted Nov. 1, 1873.^ Property sola under foreclosure.
June 22, 1876,
and given up to the purchasers
July 1,1876. Bonds of the Cedar Rapids
Iowa Falls A Northwestern road are endorsed
(on tin* bonds); the 6 per
cent bonds are
,
Island, which was foreclosed Sept. 16, 1874, and reorganized as-the
Southern of Long Island. On June 3, 1879, the
property was again sold
in foreclosure of the second
mortgage, and this
The preferred stock has a preference of 7 per cent, company organized.
not cumulative. It
is leased to the Long Island Railroad for 50
years at 25 per cent of the
net earnings of the whole Long Island Rlt.
system, including its leased
lines. The new mortgage for $1,000,000 is to take
up the first and
balance issued lor extension to Moriches; it is guaranteed
by L. I. RR.
redeemable at 105 after Oct. 1, 1830. Of the 5
as to interest, on $750,000 and both
per cents
principal and interest on the $825,000 are reserved to retire the 6
per eta. The company guarantees
$250,000. (V. 32. p. 526.)
the above bonds mentioned, and also guarantees
$150,000
Buffalo Bradford d Pittsburg.—Sept. 30, 1881, owned from Carrollton, St. Louis bonds. The annual report for 1881 said that in of Minneap. A
five
N.. Y. to Gilesville, Pa., 26 miles.
Completed in 1866, and leased to New increase of mileage had been 275 miles; also that “ while theyears the
business
York Lake Erie A Western for 499
years.
Rental, 7 per cent on out¬ of the year ending December 31, 1881, was larger tlum that of
any pre¬
standing bonds, $40,600 a year. Capital stock, $2,286,400. In
vious corresponding period, the net results
were not entirely satisfacMarch,
1880, a dividend of 1 per cent was paid.
tory. The gross earnings are materially less, and operating expenses
Buffalo New York d Erie.—Sept. 30, 1881, owned from Buffalo, N. Y,, larger than was anticipated at the close of tne business of the preceding
to Corning, N. Y., 142 miles. A third rail for
standard gauge rolling year; this result, however, is attributable solely to causes beyond the
control of the
stock has been laid down. Leased in 1863 to the New York
A Erie for
managers of the property. The blockades of the com¬
V0&
pany’s several lines ol road by snow during the earlier
periods of the
Co. “Rental, $238,100^-viz., 7
per cent on stock and bonds and $5,000 year’s business, seriously affected the showing of net earnings, as
for organization expense. Dividends and interest
$59,535 was expended in relieving the road from those
paid directly by the while on the
obstructions;
lessees. Capital stock, $950,000, and funded
other
debt, $2,380,000. T<
iota!, several sections of hand, during a portion of this period, the business on
the road was almost
representing cost of road, $3,330,000.
eutirely suspended.” The iollowing is a comparative statement of earnings and
Buffalo New Yorkd Philadelphia.—Sept. 30,1881, owned from
operating expenses
Buffalo, for the years ending December 31:
N. Y.. to
Emporium, Pa., 121 miles. At Emporium connects with Phila¬
delphia & Erie. In April, 1880, the stock was sold to a syndicate. See
Gross
•
Net
V. 32, p. 444. I111881 purchased the McKean
Earnings.
A Buffalo Road, 22 miles,
Expenses.
Earnings,
having $388,200 stock. The consol. mortg. is for $11,000,000, of which
$1,53 1,950
$984,908
$550,042
$4,000,000 is reserved for prior liens, and it covers 205 miles of new
2,053,481
1,313,724
709,757
1881
road and the old 121 miles. In
2,259,037
October, 1882, the trust bonds were
1.626,849
632.188
issued secured by $500,000 first
(V.32, p. 69,154,367, 418; \. 34,p. 572; V.35,p. 133,374, 457,706.)
mortgage bonds of the Rochester Ter¬
minal Co. and $700,000 of the first
California d Nevada.—lAne projected from
inortgfujo bonds of the Olean &
Emory Station, Oakland,
Salamanca RR.—both to be leased to the Buffalo N. Y. &
Pliila. RR. Co. to Bodie, 250 miles. Mortgage ni'ide to Central Trust Co. of New York
at a fixed rental.
See Chronicle of Oct. 28, 1882,
E. M. Walker, President.
p. 478 and advt. and Jolm C. New as trustees.
Capital stock, $3,500,000 common, and $3,500,000 preferred. Gross
California Pacific.—Dec. 31, 1881, owned from South Vallejo, Cal., to
earnings in 1881, $1,142,214; net, $507,719; in 1881-82 gross was
Sacramento, Cal., 61 miles;
branches—Adelame to
$1,677,390; net, $867,495. (V. 32, p. 444; V. 33, p. 641, 686; V.
34, miles; Doer’s to Knight’s Landing, 19 miles; total Calistoga, 35
Ii. 263, 290; V. 35, p. 478.)
operated, 113
miles. Consolidation (December
23, 1869) of California Pacific aud
Buffalo Pittsburg d West,—Jan., 1881, owned from
Salamanca, N. Y., California Pacific Extension companies.
to Ofl City, Pa., 100
Leased for twenty-nine r
m.; branch to Bradford, Pa., 20 m.; Oil City, Pa., to
Buffalo, N. Y., 140 in.; Union A Titusville Branch, 25 m ; and Titusville years, from July 1, 1876, to Central Pacific. Rental, $559,000 per
annum, and three fourths of net
& Oil City Railway, 9
earnings when in excess of that
miles; total length, 294 miles. This was a consoli¬ amount.
December 31, 1881—Capital stock, $12,000,000; funded debt,
dation, Jan. 20, 1881, of the Pitts. Titus. A Buff. Rjr. and other roads.
$6,851,000; other liabilites, $1,569,8 L2 ; total liabilities, $20,420,812
The annual report in V. 34, p. 202,
says; “ When these roads shall all Extension bonds of
have been completed,
you will have a line from Oil City to Buffalo of default, and the new $3,500,000 and incomes of $1,090,000 were in
bonds of 1875, guaranteed
about 138 wiles, and the line from
by Central Pacific,
Chicago Junction, via the Valley of wore issued in place thereof
Dbcbmbbb,
RAILROAD
1883.]
Subscribers will confer a great
-
1
first page of tables.
California raciftc— r si
• - --
endorsed by Central Pacific
by C. P. ($1,000,000 are 3 p. c.)
California Southern- 1st m°rt. ($25,000 per mile)
781
3d mort.. guar.
Atlantic-—Stock ($880,650 of it pref.)....
1st mortgage
2d mortgage,
(extended 20 years in 1873)
extended in 1879
Consol, mortgage.
Camden <£ Burlington
Co.—1st mortgage
Canada Southern—Stock
Hew mort., interest guar
Carolina Central— 1st mortgage, gold, coup, or reg.
2d mort., gold, Income, reg., not cumulative
3d mort., gold, income, reg., not cumulative
Carson<& Colorado—1st mortgage.
’
BONDS.
0atams8a—Common stock
New preferred stock
Old preferred stock
114
114
132
84
60
31
404
291
242
242
158
158
97
....
93
Chattel mortgage bonds..
New mortgage..
Cayuga <& Susquehanna—Stock
....
93
Cedar Falls <& Minn.—Bonds on 1st div., sink. fund.
Bonds on 2d division, sinking fund.
Cedar Rapids <t Missouri River—Common stock—
Preferred stock, 7 per cent
1st mortgage
1st mortgage
1st mortgage
■ Central Branch nion Pacific— 1st mort., gold
funded interest bonds (coupons field in trust).
2d mortgage (Government subsidy)
Central R. R. <* Bank, Oa.—Stock
General mort. “tripartite” bonds, coup
Certificates of debt (for dividend)
34
14
61
274
....
70
1881
1867
1871
1875
1882
....
1878
1880
1880
18*0
1881
....
....
....
’60-8-9
1870
....
1864
1866
....
....
Outstanding
(?)
$2,250,000
1,000
1,600,000
3.000,000
3.300,000
500
1,000
497,000
6
6
6
225^666
350,000
15,000,000
13,546.879
2,000,000
l,o00,000
1,500,000
2,250,000
1,159,500
1,000,000
2,200,000
100
1,000
1,000
1,000
1,000
50
50
50
500 Ac.
500 Ac.
100
209,850
1,300,000
589,110
198,000
1,334,000
6,850,400
769,600
700,000
582,000
2,332,000
500 Ac.
500 Ac
100
100
500 Ac.
146
1866
500 Ac.
500 Ac.
1866
1879
’66-7-8
1,000
1,000
1,000
100
620
....
...
1,600,000
629,000
1,600,000
7,500,000
100
1872
1,000
1881
100
California Southern .—This road from 8an Diego, Cal., to Colton, Cal.,
built by Boston capitalists as a connecting line of the Atlantic
was
Bonds—Princi¬
5,000,000
4,600,000
Is“313
3*2
& 10
7
4*2
7
7
7
7
7
6
5*
4
7
6
Stock*—Last
Dividend.
A J. Pfiila., Farm. A M. B’k.
& O.
do
do
& J.
do
do
A A. Phila.. Penn. RR. Co.
N. Y., Grand Cen. Dep.
AJ. N. Y., Union Trust Co.
& O. N.Y., Farmers’L. A T.Co.
& J.
New York, OlHoe.
& O.
do
do
& J.
Camden, Co.’s Offioe.
A.
J.
F.
J.
A.
J.
A.
J.
M. A N.
M. A N.
Philadelphia Co.’s offioe
do
Various Phila., Phila. A Read.Co
F. & A.
do
do
J. & J. New York, 44 South st
A. & O. N. Y.,J. 8. Kennedy & Cb
J. & J.
do
do
1*2
3*2
pal,When Due.
& J.
New York.
1911
N. Y., Fisk & Hatch.
A J.
Jan. 1, 1887
& J. N. Y., Nat’l Park Bank.! Jan. 1. 1891
A J. N. Y., Cent. Paciflo RR.' July, 1905
& J.
Boston.
Jan. 1, 1922
2bi
6
Wh
10m.
J.
g-
5
6 g.
Payable, and by
J.
J.
J.
.r.
J.
J g-
n
Where
Payable
A 6
6
L & 3
490,000
1.000
500 Ac.
When
ri
6
7 g.
1,258,050
1861
1863
714
Rate
Ceu
50
58
....
any error discovered In tbeee Tables.
1,000
100
..
Amount
$1,000
1,000
1,000
....
1853
1854
1381
1867
xiz
INTEREST OR DIVIDENDS.
Miles Date Size, or
of
of
Par
Road. Bonds Value.
il4
2d mortgage,
Camden <&
AND
flavor by glrlng Immediate notice of
DESCRIPTION.
on
STOCKS
Q.—F.
F.
F.
F.
M.
M.
M.
Boston, Treasurer,
A.
do
do
A. N. Y., Nat’l Park Bank,
do
A.
do
N.
do
do
N. N. Y., Company’s Office.
N. N. Y., Hanover Bank.
U.S. Treas., at maturity.
J. A D.
Savannah, Ga.
J. A J. N.Y.,Nat.City Bk.&Sav.
J. & J.
Savannah, Ga.
A
&
A
A
&
&
stock (cost
Nov., 1882
Jan.. 1893
Oct.. 1. 1904
July 1, 1911
1897
Feb. 1, 1881
Jan. 1. 1908
April 1, 1920
July 1, 1915
July 1, 1910
Juiy, 1911
Nov. 16, 1882
Nov. 16, 1882
1888 to 1900
Feb. 1, 1900
Jan. 1, 1883
April 30, 1884
Jan.
Nov.
2, 1907
1, 1882
Aug. 1, 1882
Aug. 1, 1891
Aug. 1, 1894
May, 1916
May 1, 1895
Marl, 1895
1896,’97, ’98
26, 1882
Dec.
Jan.
1, 1893
1891
of road to present owners), $589,110. Gross earnings
1880-81, $83,626; net, $18,0L5; loss to lessees, $36,584.
n
trans-continental route, and completed from San Diego Bay,
Cedar Falls <£ Minn.—Dec. 31,1881, owned from Waterloo, Ill., to Minn.
127 miles, in Oct. 1882. Extension to State Line, 76 miles.
Completed in
of Colton, in progress. Stock, $3,300,- years from Jan. 1,1867, at $1,5001870. Leased to Dub. & Sioux C. for 40
per mile as a minimum aud a con¬
000. For $1,100 hi cash each subscriber received $1,000 in bonds, $1,OOO in stock and $10O in the San Diego Land & Tow:* Co. stock. (See tingent of 35 per cent of gross earnings from $3,500 to $7,500 per mile
and of 30 per cent or any excess over $7,500 per mile. Lease transferred
V. 32, p. 231; V. 33, p. 52, 185; V. 34, p. 575; V. 35. p. 265, 266, 538.) to Illinois
Central, October 1, 1867.
Capital stock,
and
& Pacific
to Colton on Southern Pacific,
flan Bernardino. 5 mil^s north
Camden <t Atlantic.—Dec. 31, 1881, owned from Camden, N. J., to
60 miles; Penn Ave. to South Atlantic, 6 miles: leased
leased branch. Egg Harbor City to May’s Landing, 7 m.; Phil. Marl. &
Med. RR.; Haddonfield to Medford, 12 miles; total operated, 84 miles.
In Nov., 1882, 4 p. ct. paid on pref. and 3 on common stock. Earnings
Absecon Inlet,
and expenses
for three years past have been :
Earnings.
Expenses.
Profit.
$202,127
$495,472
$293,345
498,838
371,626
127,219
512,880
373.864
139.016
Preferred stock entitled to 7 p. c. if earned, and to as high as paid to com.
If more than 7. (V. 32, p. 395; V. 34, p. 343 ; V. 35, p. 130.)
Ccrnden d Burlington County.—Dec,. 31, 1881, owned from Camden,
N. J., to Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount
Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad
Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad A Canal Company’s lines.
Lease rental, $44,415,
being 6 per cent on stock and bonds, and $500 for organization expenses.
•Capital stock $381,925 and funded debt $350,000. Dividends in Jan¬
uary and July.
Canada Southern.—December 31,1881, owned from Victoria, Ont., to
Amlierstburg, Ont., 229 miles; branch, St. Thomas, Ont., to Courtright, Out., 63 miles; total (original line, all steel), 292 miles;
and miles absorbed on reorganization—Erie A Niagara, 31; Sarnia
-Chatham A Erie, 7; Canada Southern Bridge & Ferry, 4; Toledo Canada
.Southern & Detroit, 55, and Michigan Midland A Canada, 15; total of
all lines, original and acquired, 404 miles. Default was made, and a
reorganization forming the existing company was completed in 1878.
Interest on the new bonds issued by the company is guaranteed by the
New York Central Railroad Company for 20 years; those bonds carry¬
ing interest at 3 per cent till 1881 and 5 per cent thereafter; the prin¬
cipal is not guaranteed. In November. 1882, a lease was made with
the Michigan Central to take effect Jan. 1, 1883, providing (as re¬
ported) for “the operation of the Canada Southern by the Michigan
Central, also for the placing of the total earnings of both roads in a
common treasury, out of which ist«* be paid, flrst.tho operating expenses
of both roads; second, the fix eel charges of both; third, the division of
*
Years.
the remainder between the two, in the rate of two-ihi ds to the Michi¬
gan
Central and one-third to the Canada Southern; fourth, for the
raising of $6,000,000 on the-Canada Southern to double-track its line,
to build a bridge over Niagara River, and also a cut-off at earn end of
the line, so as to shorten it by about thirty miles.”
The income account
for four years was as follows, December in 1882 being partly estimated :
1879.
1880.
1882.
leSl.
Gross earningR
$2,995,366 $3,705,679 $3,369,259 $3,452,795
Expenses....-
2,448,091
$547,275
391,452
Net earnings
Interest
Surplus
.
2,108,3 U
$1,299,387
407,799
2,672,346
$696,912
2,553.997
$898,797
678.624
679,083
$219,709
$891,538
$18.v87
$155,823
679; V. 33, p. 715, 743 ; V. 34, p. 685 ; V. 35, p. 45j,
........
-V. 32, p. 634.
576,637,657,737.)
Carolina Centred.—March 31,1881, owned from Wilmington, N. C., to
•Shelby, N. C., 242 miles.
Formerly Wilm. Char. A Rutherford, chartered
funded debt, $1,473,000. Cost of road,
of 1 per cent per annum is provided.
$3,242,174.
$1,585,500,
A sinking fund
Cedar Rapid* d Mo. River.—April 1,1882, owned from Cedar Rapids,
la., to Mo. River (opp. Omaha), 272 miles; branch, Clinton, la., to Lyons,
la., 2 miles; total operated, 274 miles, of which 266 miles steel rails.
Chartered in 1855 and completed in 1866. Leased to and operated by
Chic. & N’west. Rental, $700 of the first $1,500 of gross earnings per
mile; 33*3 per cent of next $3,000 per mile, and 20 percent of aLy
excess over $4,500 per mile.
Gross earnings year ending Mch. 31,1882,
$3,472,261; gross earnings per mile, $12,672. The rental in 1881-82
was $913,660 and disbursements, including dividends and interest, wero
$749,706. The total balance to credit of inoome account March 31,
1882, was $777,100. In 1380 purchased a majority of the Sioux City A
Pacific Railroad stock. (V. 32, p. 611.)
Central Branch Union Pacific.—June 1, 1882, owned from Atchison,
Kan., to Waterville, Kan., 100 miles; leased Atch. Colorado A Pao. 252
miles; Atoh. Jewell Co. A W , 34 miles; total operated June 1,1882, 386
miles. The Un. Pac. Cent. Br. was formerly the Atoh. A Pike’s Peak RR.,
and was one of the roads embraced in the act of Congress incorporating
the Union Pacific RR.
The stock is $1,000,000, of which the Union
Pacific holds about $900,000. The company received a Government
Default on interest was made May 1,1873, but
Earnings in 1881 on whole Une, $983,732 ;
335.)
Central of Georgia (<& Bank).—Aug. 31.1882, owned from Savannah,
Ga., to Atlanta, Ga.. 295 miles; branoh, Gordon to Milledgeville, 17
miles; leased - Augusta & Savannah, 53 miles; Eatouton Br. Railroad,
subsidy of $1,600,000.
foreclosure took place.
net, $267,041, (V. 32, p.
no
22 miles; Southwestern Railroad and branches, 343 miles; total opera¬
ted, 730 miles; also takes net results of 170 miles more operated by
separate companies.
In January, 1880, purchased the former
Savannah & Memphis road—Opelika to Goodwater, 60 miles—for
$700,000.
In 1881 the control of the Port Royal & Aug.
was bought;
also a lease of theGeorgia Railroad for 99 years was
taken in the interest of this company. The certificates of debt were
issued, June, 1881, as a dividend to stockholders—$40 per share to Cen¬
tral Georgia and $32 per share to Southwestern. The company owns a
large interest iu connecting lines and the Ocean Steamship Co. of
Savannah. This company aud the Georgia Railroad Company are joint
owners of the Western Railroad of Alabama, purchased at foreclosure
sale in April, 1875. The “tri-partite” bonds are issued jointly by this
company, the Macon & Western aud the Southwestern.
The annual report for the year ending August 31. 1382, was in tho
Chronicle, V. ;if>. p. 601. The income account, fixed churgea and
divi lends for three years were as follows :
Net income from—
1880.
1881.
1882.
Roads
$1,537,934
$1,389,494
$1,047,661
301,121
341,645
Ships
214.297
Western Railroad
158,077
102,118
138,474
Montgomery A Eufaula
128,365
205,^93
126,484
Investments
52,369
53,426
45,193
Rent and interest
37,330
39,229
25,815
.
in 1855. Succeeded by existing company after foreclosure May 3,1873.
Defaulted, and Receiver placed in possession April 5, 1876. Sold in fore¬
closure May 31,1880, for $1,200,000. In 1879-SO, gross earnings were
Fixed
total operated, 97 miles.
601.)
Totals
$2/103,771
$2,147,241
$1,688,918
charges and dividends—
$281,675
$323,528
Interest Central RR
$282,659
$466,519; net, $189,269. In 1880-81, gross, $564,028 ; net, $2o0,835. Interest Western RR.
60,120
84,120
84,120
Wilmington Bridge bonds, $200,000, at 7 per cent, are guaranteed by Interest Montg. A Eufaula...
90,000
90,000
90,000
this company and Interest paid. The stock of $1,500,000 is placed for Rentals
439,698
439,719
'.
439,666
five years in the hands of the reorganization Committee. (V. 32, p, 576;
83,444
Georgia RR. lease
V. 33, p. 357, 559; V. 34, p. 343.)
376,000
Certificates of indebtedness..
Carson <& Colorado.—March, 1882. owned from Mound House Nev., to Dividends
599,896
562,358
412,376
Candelaria, Nev., 158 miles. Gross earnings in 1881, $254,065; net,
Totals
$1,972,708
$1,457,851
$160,403. H. M. Yerington, President, Carson. Nev. (V. 35, p. 430.)
$1,308,821
$689,390 Def..283,789
$793,949
Catawissa.—Dec. 31,1881, owned from Tamanend, Pa., to Williams¬ Surplus
port, Pa., 93 miles; branch, Summit Station to Silver Brook, 4 miles;
(V. 33. p. 526, 587.715; V. 34, p. 31, 177, 315, 543; V. 35, p. 455,
in
1831;
Chartered
as
Little Schuylkill & Susquehanna
changed to Catawissa Williamsport & Erie in 1849.
Road opened Dec. 18, 1854. Reorganized under present name in 1859.
Leased from Nov. 1, 1872, for 999 years to Philadelphia & Reading.
Rental, 30 per cent of gross earnings and $8,000 a year for company
expenses.
name
Funded debt is also assumed by lessees.
on the prefer red stocks
guaranteed
Seven per cent is
Central Ioica.—Dee. 31,1831. owned from Albia,
Ia.,toNorthwood,|Ia.,
189 miles; Muehakinock Branch. 2 miles; Grinuell A Montezuma Br.,
14 miles; Stouey City Br., 39 miles; total operated. 244 miles.
Char¬
tered as Central RR. of Iowa and opened in 1871. Defaulted and placed
in hands of a Receiver in 1873. Reorganized under present title, June 13*
1879, after foreclosure sale under first mortgage July 18.1877. The new
Cayuga <t Susquehanna.—Sept. 30, 1881, owned from Owego, N. Y.. to stock issued was $2,100,000 common; 1st pref., $907,000, and 2d pref.,
Cayuga Lake, N. Y., 34 miles. Chartered as Ithaca & Owego iu 1828. $1,167,800, given for the old 2d mortg. bonds. 1st pref. has prior right
»na opened in 1834.
Reorganized as Cayuga & Susq, iu April 1873. to 7 per et. (non-ouiuulative) from net profits, after payment of interest;
Leased in perpetuity to Del. Lack & Western, Jan. 1, 1855, at a rental of theu Jd preferred entitled to 7 per cent ; any surplus, after payment of 7
$54,600 a year. Dividends on capital, 9 per cent per annum. Capital on common stock, to be divided pro rata between the three classes. In
XX
RAILROAD
Subscribers will eonfer
DESCRIPTION.
a
For explanation of column
headings, Ac., see notes
of
on first
page of tables.
Road.
Income bonds, reg., (not cumulative)
Newark & New York, 1st
mortgage
Lehigh A Wilkesbarre Coal Co., prior liens
do
do
Consol mort
L. A W. B. Coal Co., inc’me
bds, rg. (not cum’iut’e)
Am. Dock A Imn.Co. new M.
bds., guar. C. of N. J.
Ac\justment mort. (redeemable any time at par)..
Central Ohio—Common stock
Preferred stock
1876.
—
mortgage bonds
Central Pacific—Stock
1st mort., gold, (2
sinking funds, $50,000 each)..
California State aid, gold (s. fund,
$50,000)
letrn.S. Joaq’n Val. Bi\, gld (s.f.
$50,000)
U. S. Loan, (2d lieu on certain
terms)
Western Pacific, 1st mort., gold, (s. f.
$25,000)...
do
Government lien
Cal. & Oregon, 1st M.,
gold, guar., (s. f. $100,000)
Cent. Pac., mortgage, on C. A O. Branch
Sau Frau. O. A A., 1st M. (s. t.
$100,000)
Land grant mortgage bonds
Income bds.($0,000,000), skg.fd., 10
p.c.perauu’m
Charlotte Columbia & Augusta—1st mort.
consol...
Mortgage
Chartiers— 1st mortgage
($19,000
p. m.)
mortgage
Size,
or
par
....
341
74
Outstanding
$500Ae.
....
1809
1872
1874
1876
1807
97
....
7
....
....
•
-
500 Ac.
■
.
....
1681
1378
m
137
137
137
1,000
100 Ac.
1.000
100 Ac.
50
50
.
1,000
2805
100
....
742
50
140
742
1805-8
1804
1870 !
158
1-809
1869
1808
123
152
152
20
All.
191
191
23
390
390
180
1,000
1.500.000
0,080,000
25,885,000
2,023,000
1,970,000
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac.
1,000
3,285,000
2,000,000
1,000
500.000
$962,070'; net, $341,298.
Jersey.—Dee. 31, 1881, owned.from
Long Branch division was opened in
September, 1875. The
lease of the Lackawanna &
Susquehanna Railroad is dated March 31,
1871, and is virtually a consolidation
agreement, the lessees having pur¬
chased the rolling stock. In
February, 1877, the property was placed in
the hands of a
receiver, and on April 1, 1877, default was made on con¬
solidated mortgage interest.
Reorganization followed [See scheme, V.
26, p. 215].
Of
the $11,500,000
Lehigh A
bonds, $6,116,000 are held by Central of NewWilkesbarre Coal
Jersey and are
deferred, having no claim for interest till all other
bonds are
satisfied.
The Lehigh & Wilkesbarre Coal Co.’s
stock is $8,700,000, and
the company was taken out of
receiver’s hands in
satisfactory report has been issued since 1878. IuMarch, 1882. No
February, 1881,
Messrs. Jay Gould and
Sidney Dillon were elected directors.
The
American Dock & Improvement
the railroad company, issued a Company, which is virtually owned by
new
mortgage in June, 1881, to retire
the prior issue and
pay off the Central of New Jersey
floating debt; and
the company reserves the
right to purchase these bonds by lot at 110.
The adjustment bonds are
payable at will, and also the income bonda so
reported. The operations of the New
Jersey Central only, exclusive of
leased lines, showed gross
earnings of $4,317,218 and net earnings of
$1,371,580 iu 1879; $5,306,970 gross and
$2,145,222 net in 1880; and
in 1881, $0,594,883
gross and $2,230,648 net. On Jan.
1, 1882, the
net floating debt was
$2,442,562, against $1,90G,754 in 1881. A de¬
tailed statement of assets in
stocks, &c... owned was published in V.
35,
p. 13C. Gross revenue on all lines had been as
follows prior to 1879 :
Gross
Net
Earnings.
.
Earnings.
$0,983,173
5,753,413
5,589,520
$3,183,409
2,484,840
2,302,770
Paid from Net Earnings
Leases.
Interest.
Dividends.
$983,113
700,345
699,134
$075,609
503,114
734,500
$515,000
-(V. 32, p._205, 231, 390, 420, 444,
454, 408,
528,502,559,622, 680, 743; V. 34, p. 145,189, 635; V. 33, p. 23. 93,
203, 230,
315,434.459,487,488, 521,574, 003; V. 35, p. 130,213,235, 203, 290,
372,001.)
Central Ohio.—Dee.
31,1881, owned from Bellaire, O., to
137 miles. Chartered iu 1847 and
Columbus, O.’
opened in 1854. Reorganized in
18G5. Leased to the Baltimore A
Ohio, for 20 years, Nov. 11, 1806;
rental, 35 per cent of gross earnings. Feb.
23, 1880, the lease was
extended to Dec. 1, 1920, with the
option of renewing for terms of 20
years perpetually. Iu 1880-81 gross earnings $1,000,025
; net, $228,207;
lease rental, $352,108. In 1881-82
gross earnings, $987,401; net,
$314,932; rental, $345,590. The road between Newark A
Columbus
miles) is owned jointly with the
Pittsburg Cincinnati & St. Louis
(V. 34, p. 488.)
RR. Co.
Central Pacific.—Dee.
31,1881, owned from San Francisco, Cal., to
Ogden, Utah, 883 mileR, and auxiliary lines,
332;
total, 1,215 miles;
operated under lease
or contract—the
Southern Pacific in
California,
New Mexico, California
Pacific. 115, and others.
299;
total, 1,052 miles; total length of road
operated and accounted for Jan.
1, 1882, 2,805 miles.
This was a consolidation
(August
California & Oregon, Sau Francisco A 22, 1870) of the Central Pacific,
Oakland, San Francisco A
and
Joaquin Valley railroads.
Alameda
In connection with the Union
Pacific,
continuous line from San
Francisco, Cal., to
Council Bluffs, la. (1,918
miles), and there connects with the lines east¬
ward. The prices of stock
have been as follows:
the Central Pacific forms
Bond*—Pnnoj.
Where payable, and by Pal,W hen Due.
Mock*- Laat
Payable
Whom.
When
Dividend.
7
7
G
2%
J. A J.
A. A 0.
New
do
York, Office.
do
N. Y., Taintor A Holt.
New YorK, at oflioe.
do
do
....
Q.—J.
7
F. A A.
7
M. A N.
do
do
7
Q.-J.
do
do
7
M. A N.
do
'
do
7
J. A J.
do
do
6 A 7
7
N. Y., Cent. RR. of N. J.
Q.-M.
7
M. A N.
do
do
5
J. A J.
do
do
7
M. A N. N. Y., Cent. RR. of
N. J.
3
J. A J. Balt., at B. A 0.
office.
3
J. A J.
do
do
0
M. A S.
do
do
3
F. A A. N. Y. A Sail
Francisco.
0 g. J. A J.
N. Y., Fisk A Hatch.
7 g. J. A J. Sacram’o State
Treas.
0 g.
A. A 0.
N. Y., Fisk A Hatch.
0
I. A J.
U. S. Treasury.
0 g. J. A J.
N. Y„ Fisk A Hatch.
0
U. S. Treasury.
6 g. J. A J.
N. Yr., Fisk A Hatch.
0 g. J. A J.
New York A London.
8
J. A J. N. Y., Cent. Pac.
Office.
0 g. A. A 0.
N. Y., Fisk A Hatch.
8 g. M. A N.
N. Y. and Sm Fran.
7
J. A J. N. Y., Nat. Park
Bank.
7
A. A O.
do
do
7
A. A O. Philadelphia, Penn
R.R.
5-G
New York Agency.
0
F. A A.
do
do
0-8
F. A A.
do
do
•
....
a
1882.
94V 874*
92
92 V
-
80
87%
April.... 91V 88
May
91V 88*2
June
92V 80^2
1881.
98 V 86
93 V 80%
89V 83%
89
83i«
98V 80%
102 V «4i2
-
1882.
97 V 91
July
August.. 96V 91’2
Sept’her 94 V 91*2
.
October
Nov’ber
Dec’ber
.
.
92 -89%
90%- 823s
-
1881.
100 v 8934
94
87*2
98
88*2
9G%- 90*2
97 V 93
95 V 8878
-
-
In late years an
important feature of the Central Pacific status
is the
ehort lease of the Southern Pacific
in California,
Arizona, Ac., at a fixed
rental. The annual
rejjort for 1881 was in the
Chroniclk, V. 35, p. 403,
giving the figures for 1831, and also earnings and
1882.
EARNINGS AND EXPENSES
IN
2,300
$17,153,163
Oper. expenses and rentals... $10,207,863
Taxes and miscellaueous
998,866
Total
$11,20G,729
$5,940,434
Net earnings
July 15.1899
3
““igj1?**0®-
Aprinoa87*
Nov., 1902
July 1. 1899
May 1. 1908
1887
June 1, 1900
May 1, 1888
July 1, 1921
May 1. 1903
July 29,1882
July 29,1882
Sept., 1890
Aug. 1, 1882
1895 to ’98
July 1, 1884
Oct.
1, 1900
1895 to ’98
July 1, 1899
1899
Jan. 1, 1888
Jan. 1, 1892
July 1, 1890
Oct.
1, 1890
May 1, 1888
Jan. 1, 1895
Jan. 1, 1910
Oct. 1, 1903
Aug. 1, 191]
Aug. 1, 191]
Feb. 1, 1897
expenses to June
1879, 1880
1879.
Miles operated
Total gross earnings
AND
30,
1881.
1SS0.
2,057
1881.
2,866
$20,503,113 $24,094,100
$12,045,609 $13,859,307
827,940
720,120
$12,873,609 9514,579,427
$7,034,504
$9,514,673
INCOME ACCOUNT.
Receipts—
Net earuiugs
Interest on sinking funds
Land grant bonds redeemed...
Miscellaneous
Contract with W., Far. & Co..
Total income
Dishy vsctna it
Interest on debt
Dividends
1879.'
$5,946,434
233,903
433,000
97,808
Total disbursements
1880.
$7,634,504
254,017
20n,()00 !
54,855-
1881.
$9,514,673
202,500
420,000
20,000
313,140
592,656
$6,711,145
$8,492,116
$10,809,820
$3,667,885
$3,715,325
$3,508,292
3,400,530
(6)
Per cent
3,556,530
(6)
$3,G67,835
$7,121,855
$7,064,822
Balance, surplus
$3,043,260
$1,370,261
$3,745,007
The land department sold in
1881,195,254 acres, for $382,225. (Y.
33, p. 73, 153, 254, 327, 328,
730; V. 34, p. 175, 406; V. 35, p.
124,
213,291,313,403,405,057.)
Charlotte Columbia & Augusta.—
Sept. 30, 1881, owned
Augusta, Ga., 191 miles. In November, 1881, from Charlotte,
leased Atlantic
Tennessee A Ohio Railroad, Charlotte to
Statesville, 47 miles. Consoli¬
dation (July 9,1869) of the Charlotte A
South Carolina and the
A Augusta. The road has been
Columbia
under the control and
the Richmond A Danville
management of
since 1878. Gross
earnings in 1880-81,
$020,919; net, $211,990; in 1881-82 gross,
$G01,624; net, $181,993;
and the A. A T. in 1881-2
gross, $50,391; net, $14,585.
There
arc, in addition to the above,
bonds, $189,500 of old Columbia A
Augusta bonds yet outstanding, due iu 1890.
Stock issued, $2,578,000.
-(V. 33, p. 736; V. 34, p. 59; V. 35, p.
372, 449, 736.)
Chartiers.— Dec. 31,1881, owned from
Mansfield, Pa., to Washington,
Pa., 23 miles. Chartered as C.
Valley in 1853 and opened in 1856.
Sold under foreclosure,
and reorganized in 1871. Leased for 99
from January 1,
years
1872, to the Pittsburg Cincinnati A St.
rental is net earnings.
Louis; the
Gross earnings in 1880,
$93.733; net income,
all sources,
$31,730; in 1881, gross
$38,218. Capital stock, $048,302. (V. earnings, $L 10,031; net income,
32, p. 498.)
Chesapeake Ohio d Southwestern—July, 1882,
Ky., via Paducah to Memphis, Tenn., 396 miles.owned from Louisville,
This road forms the
western connection of the
Chesapeake & Ohio and the Lexington A
Big
Sandy and the Huntington system of roads when finished will
reach from
Ches. Bay to Memphis, and from
Louisville to Memphis. The
company
purchased the Memphis Paducah A
Northern—Paducah to
and the Paducah A
Elizabethtown, subject to the $500,000 Memphis—
the latter, and leased the
mortgage on
Cecilian Branch of Louisville A
from Louisville to Cecilian
Nashville,
with option of purchasing
Junction,
it,
making 390 miles of road altogether. Branches of
50 miles are also
projected.
Stock authorized: Common,
$0,300,000, and preferred,
$3,500,000. Gross earnings for year 1881 on 350
miles,
N. C., to
$174,796.
(V. 34, p. 055; V. 35, p. 71, 78.)
Chesapeake & Ohio.--Dee, 31, 1881,
owned
$789,182; net,
from
Newport News, 503 miles; branches 9 miles; total Richmond, Va., to
operated, 512 miles.
Consolidation of Virginia Central and
Covington A Ohio, and opened
through March 1, 1873. The old
company defaulted iu 1873 and
the road was sold under
foreclosure April 2, 1878, for
and reorganized uuder
$2,750,000,
present auspices. The Eliz.
Lexington A Big
Sandy Railroad connects on the west, and in
1881 an interest in the
Elizabethtown A Paducah, the
Memphis Paducah & Northern and the
Kentucky Central roads was purchased for this
company.
The stocks
outstanding were as follows to
$15,900,138; preferred stock—first, $7,922,803; July 1,1882: Common,
second,
B ” bonds take interest in
1882-83 4 per cent cash and $8,492,164. The
2 p. ct. in stock,
and thereafter all cash. The
second mortgage
currency bonds till July,
1884, take interest in second preferred
stock, then for two years partly
in that stock and
partly cash, and afterwards all cash, if the
are sufficient hut “ all
earnings
interest not paid iu cash to be
paid in second
preferred stock.” The cash interest
charge in 1883
mortgage bonds of 1882 for $3,000,000 are secured is $981,000. The
on road from New¬
port News to old Pt. Comfort,
Va., and terminal works; and on a branch
to be built in West Va. from
Scaiy Creek on the C. A O. line to the Ohio
River near the mouth of Great
Kanawha.
right to 7 per cent from surplus; then 2d First prof, stock has prior
pref. to receive 6 per cent;
both classes precede the
common.
“
08V, 000
0,030.000
Tables.
■
Central of Netr
Feb.
March..
2,030,000
1,000
,000
3
Jersey City, N. J.»
to Pkillipsburg, N. J.f 73
miles; branches, 57 miles; leased and operated,
in New Jersey, 263
miles, and in Pennsylvania, 193 miles; total
operated, 557 miles. The principal leased lines in
Pennsylvania are
the Lehigh A
Susquehanna and the Lehigh &
Lackawanna, with
their branches, &c. The main line
from Elizabeth to
opened in July, 1852, and extended from Elizabeth Phillips!) urg was
to Jersey City in
1864. The
Jan
6,000,000
500,-000
500,000
7,350,000
4,350,000
3.000
-(V. 33, p. 587, 686, 715 ; V. 34, p. 230,
4SS, 547, 548, €87; V. 35, p.
103, 188, 260, 372, 455, 486, 705.)
and San
5,500,000
2,437,950
411,550
2,500,000
59,275,500
25,883,000
1,000
1870
1809
1872
1S71
1881
1881
1877
11,500,000
3,553,000
5,000,000
1,000
1872
1870
3 878
000,000
4.720,000
....
1875
....
Rate per
Cent.
029,000
12,000 p. ni.
100
18,503,200
1,000
5,000,000
1,000
4,400,000
1,000
15.000,000
100 Ac.
2,450,000
,
Arizona
[VOL. XXXV.
INTEREST OR DIVIDENDS.
1,000
bonds were issued to lirst
mortgage bond¬
holders in payment of four years’ net
ble by the company on three months’ earnings due them, and are paya¬
notice,
fn December, 1881, stock¬
holders of this company had the
privilege of subscribing to "the bonds
of the Chicago Burl. & P.
(extension line), and received a bonus of Cent.
Iowa stock, and in 1882 more new stock
was issued for new road
acquired, Ac., and common stock in December. 1882.
was $5,400,000.
Gross earnings in 1881 were
$1,001,306; net, $289,025; in 1880,
gross,
(33
BONDS
$3,700,000
500 Ac.
February, 1880. the income
Years.
Amount
Value.
1879
1880
189
payable at will
1st mortgage on
Chicago Burlington A Pacific...
Central of New Jersey—B toek
Mortgage bonds
Bonds (convertible Nov., 1875 to
1877)
Consolidated mortgage (lor $25,000,000)
Ches. Oh io & South west.—1st M.t
gold
2d mortgage ($11,000 per
mile)
Paducah A Elizabethtown, 1st
Date
of
Bonds
1881
Central Iowa—1st mortgage
Income bonds, “debt certificates,”
2d
AND
great favor by giving immediate notice of
any error discovered in tbese
Stiles
let
STOCKS
-
RAILKOAD
1882.
December,
s
1
f
explanation of column headings,
on
first page of tables.
1st
Ac.. see notos
mortgage, gold, “A”
do
do “B’\
423
503
428
428
cash)’*
....
64
Cheshire—Stock, preferred
Bonds, not mortgage
Chicago & Alton—Common stock..
Preferred st’ck (7p. c. y’rly not cumulative)*'
General mortgage, sterling, for £900,000
....
846
846
322
220
38
150
37
37
150
101
101
mortgage
Joliet & Chicago, 7 per cent, stock
St. Louis Jack. & Ch., 1st mortgage
-S
do
1st M. endorsed by C. A A..
do
do
do
2d M. endorsed by C. & A..
do
do
2d mortgage
La. & Mo., 1st M. ($139,100 assumed by C. AA.)
1st
-*»
nr
i
-
2d mort. (int. guar. C. & A.)
do
do
f
Miles
Date
of
of
Road. Bonds
2d mortgage, cur. (interest in stock or
1st mortgage, gold, Peninsula Extension
1st mort., gold, ou extension ($3,000,000)
guar. pref. stock
1882
1,000
....
....
....
100 Ac.
1,000
100
500 Ac.
100
100
1873
1863
100
1S64
1SG4
1SGS
1868
1870
1877
1,000
1,000
1,000
1,000
1,000
1,000
100
564,000
188,000
360,000
1,854,000
300,000
262,100
2,874,000
1,750,000
1,000
700,000
1,000
....
130 000
....
....
100
96
....
....
40
1877
1880
1,000
6.500,000
100
69,814,191
1,000
1,000
11.707,000
....
1873
1379
1381
1881
1,000
....
Expenses.
1,945,018
IS 72
1875
1869
1,000
1,000
390,000
500 Ac.
515,500
Net
1882.
The Louisiana A Missouri River Railroad is leased for
i,C00
from August 1, 1870.
Rental, 35 per cent of gross earnings,
ut interest guaranteed on 2d mort. bonds and
pref. stock as above;
the other pref. stock is $1,010,000 and com. stock
$2,272,700. The
Kansas City St. L. A Chic, is leased to the C. A A.
company in perpetuity
from Nov. 1,1877. at a rental of 35 per cent of
gross earnings, less taxes
and assessments. The bonds are held by U. S. Trust Co. as
security for
the C. A A. bonds of 1878 issued to build this
road, and a sinking fund of
$60,000 per annum provided for tlieir redemption. Should the 35 per
cent ho more than sufficient to
pay bond interest and 7 per cent on
the stock, the excess is to go to the lessees.
The Mississippi River Bridge
Is leased in perpetuity from December 3, 1877, at a rental of
$63,000, to
be applied in payment of 7 per cent on
$200,000 stock, and 6 per cent on
$700,000 bonds. To stockholders of record Nov. 15,1882, ten per ceut
in new
rears
l
sold at par, the proceeds
going to the redemption of
bonds.
Preferred stock has prior right to a non-cumulativo divi¬
dend not exceeding 7 per ct. from uet
earnings, and (after payment of 7
on com.) also shares with com. in
any surplus. Prices of stock have been:
-Cornmon.Preferred.
1882.
1881.
1882.
1831.
January
135 -128
156 -149
153 -153
-
February.... 135*2-128*2
March
1504i-134
-
13238-127*2
-136
133
140^-132
130
134*2-130*2
134 -129H
147
147
141
June
144
132. -128*2
April
May...
145*2-138
..
October
November...
December
149*2-149*2
142*2-135
-133
-135
139
143
144*2-1383.1
142*2-138*2
112*4-128*2
-133
-130
147
150
-
-
1324i-128
130*2-127
141
-140
-145
-147
-150
140
-140
145
-127x
146
-146
i*40”-i40'
137*2-129
—
134 -127*2
Annual report for 1881 in V. 34, p. 262.
have been as follows for four
years past:
-
Operatious, earuiugs, Ac.,
INCOME ACCOUNT.
1878.
Total gross earnings.
Net llect ipts—
Net earnings
Other receipts
Total net income...
Disbursements—
Rentals paid
Construction
Interest on debt
*
m
$
4,671,519
2,156.385
173,545
2,329,930
1879.
1880.
1881.
$
7,687,225
$
7,557,740
2,706,lo6
3,635,401
33,000
269,505
3,408,027
306,791
2,739,156
3,894,906
$
5,755,677
_
^
$
$
595,125
562,751
7o4,913
*102,175
561,279
3,714,818
$
1,067,991
1,096,995
'**771*360
431,644
762,001
Kan. C. fet. L. A C. not
earnings, which weroTdevotcd to construction,
accordance with agreement.
Where Pa
J.
O.
aud
by
pal,^When Due.
Blocks—Last
Dividend.
N.
Y., Fisk A Hatch,
July 1, 1898
do
do
July 1, 1908
N. N. Y., Company’s office,
July 1, 1908
J.
do
do
July 1, 1918
O.
N. Y., Fisk A Hatch.
Jan. 1, 1911
D.
do
do
June 1, 1922
1*2
J.
Keene, N. II., Office,
July 15, 1882
6
J.
do
do
July 1,’96A’98
4
S. N. Y., Jesup, Patou A Co.
Sept. 1, 1882
4
S.
do
do
Sept. 1, 1882
J. Lond’n,J.S.MorgauACo.
July 1, 1903
J. N. Y.,Je8iip, Patou A Co.
Jan.. 1893
N. Y. U. 8. Trust Co.
1%
Q.-J.
Jan., 1883
7
A. A O. N.Y., Jesup, Puton A Co.
April, 1894
7
A. A O.
do
do
April 1, 1894
J. A J.
7
do
do
July, 1898
J. A J.
7
do
do
July, 1898
7
F. A A.
do
do
Aug., 1900
7
M. A N.
do
do
Nov. 1, 1900
3 *-3
F. A A.
do
do
Aug. I, 1882
C g. M. A N.
do
do
May 1, 1903
1 *3
do
do
Q.-F.
Nov. 1, 1882
7*40
Chic.. Ill.Tr. A Sav. Bk.
1881
0
A.* AO. N.Y.,Jesup, Patou A Co. May 20, 1912
Oct. 1,
0 g.
M. A N. N. Y., Kuhn, IiOeb A Co.
May 1, 1920
2
Q.-M. N. Y., Bk. of Commerce, Dee. 15, 1882
7
J. A J.
do
do
July 1, 1903
4 A 5
do
I A. A O.
do
Oct. 1, 1919
4
iF. A A.
do
ao
Feb, 1, 1922
4
S.
do
do
j M. A
Sept. 1, 1921
!J. A J.
Frankfort.
July 1, 1890
jA. A o. N.Y., N. Bk. of Com’rce. Oct. 1, 1890
7
! J. A .T.
Boston, Co.’s office.
Jan. 1, 1896
5
J. A D.
Boston. Co.’s Office. i June 1, 1895
8
iJ. A J. N.Y., N. Bk. of Com’rce.
July, 1889
1878. ‘
Taxes*
Dividends
Miscellaneous
La. A Mo. R. b’d
r
[ Bonds—Princi¬
Payable
&
A. &
M. A
J. &
A. A
J. A
J. A
J. A
M. A
M. A
J. A
J. A
1879.
$
865,109
2,000
30,737
acct.
Total disbursem’ts.
1880.
1881.
$
147,418
854.359
$
171,662
1,077,976
3 02,006
$
155,961
765,776
29,500
30,737
448.261
Earnings*
Capital stock—common, $53,300, and preferred, $2,100,000.
Chicago <£• AIton— December 31, 1881, mileage as follows: Joliet
to East St. Louis (main), 244 miles; Branches—1To Coal
City, 34 miles;
Dwight to Washington A Lac’n, 80 miles; Roodhouse to Louisiana, 38
miles. Total owned, 396 miles. Leased—Chicago to
Joliet, 37 miles;
Bloomington to Godfrey, 150 miles; Louisiana to Cedar City, 101 miles;
Kansas City to Mexico, 162 miles. Total leased, 450 miles. Total
oper¬
ated, Dee. 31,1881, 846 miles.
a
Chartered as the Chi. A Miss., Feb. 27.1847; reorganized under act of
Jan. 21,1857, as Chi. Alt. A St. L., and under act of Feb.
16, 1861,
the present corporation succeeded to tlio property, which, was sold
under foreclosure in the following year and transferred to new
organi¬
zation in Oct., 1862.
Chicago and St. Louis were connected by the
present line in 1864.
The Joliet A Chicago is leased from Jan. 1, 1864,
for the term of its charter, and forms part of the main line.
Rental, 7 per
cent on stock and 8 per cent on bonds. The St. Louis Jacksonville
A
Chicago is leased in perpetuity from April 30,1868, at a rental equal to
40 per cent of gross earnings until the amount reaches
$700,000, with
a
minimum of $240,000 a year.
Common stock, $1,293,000; pre¬
ferred, $1,034,000; $4 50 paid on common and preferred in August,
discovered in these Tables.
When
J.
were
Cheshire— Sept. 30,1882,owued from South Aslibumliam, Mass., to
Bellows Falls, Vt., 54 miles; leased, Monadnock RR., Wiucliendon to
Peterboro, N. H., 16 miles; aud 10 miles Vermont A Mass; total 80
miles; but the Monadnock, 16 miles, is not included in the Cheshire
earnings, leaving 64 miles operated.
$51,000 rental paid to Vt. A
Mass, for leased portion of road. Gross earnings in 1880-81,
$622,595;
net earnings, $135,410. In 1881-2 gross, $625,075; net,
$124,201.
was
Cl 1,000
653,000
547,475
«...
2,514,245
569,227
2,705,343
2,267,403
337,910
-(V. 33, p. 467, 517, 553, 715, 743 ; Y. 34, p. 85; 264, 292, 343, 547,
548, 636; V, 35. p. 182, 313, 404, 657, 705.)
stock
7,963,000
4,300,000
....
....
Operating
13,986,000
1,000
instead of Sept. 30:
1879-80
1881
2,365.000
100
months ending Dee. 31, 1831, the net earnings
Earnings.
80o,000
12,974,000
2,425,400
4,379,850
2,383,000
1,500,000
1,000
$332,538, or, charging off $424,659 extraordinary expenses included in
operating, the net earuiugs were $1,057,197. Earnings and expenses
were as follows in 1881, the fiscal year having been changed to end
Years.
Rate per
Cent.
2,100,000
1.000
....
error
=r
$2,350,000
2,000,000
15,000,000
10,122,500
2.000,000
(?)
1,000
100 Ac.
....
.
Bonds for Kail. C. St. J. & C. B. stock
Northern Cross R. R. 2d. mortgage, gold
Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or registered).
Bonds of 1875, (sinking fund $13,800 per year)’*
Dixon Peoria A Hannibal, 1st, cp., but may be r< “
Gross
Amount
$1,000
1878
....
Trust mort.on Iowa lines,coup.or
Bonds (Repub. Val. and Bur. A Col.bonds pledged)
For fifteen
or
Par
1878
1878
1878
1878
1831
....
xxi
INTEREST OR DIVIDENDS.
Size,
Outstanding
....
257
•2924
825
740
reg.(s.f. l*j p.c.)
July
August
September
BONDS.
7
f
Value.
102
K.C.St.L.A C. line, s.f. $00,000 after’79
guar. C. & A
Preferred stock do
Common stock
do
C. A A. bonds on Miss. Riv. Bridge, 1st mort., gold
Chicago <£ Atlantic—1st mort., gold ($29,000 p.'m.).
Chicago Burlington & Quincy—Stock
Consolidated mortgage coupon, (for $30,000,000)
Bonds for
Dec. 31
AND
Subscribers will confer a great favor by giving immediate notice of any
" ~
’
DESCRIPTION.
For
STOCKS
232,510
30,737
2,503,983
2,400.31:1
2,973,87 L
3,772,788
sur.338,815 sur.921,035 def. 57,970
Back taxes paid in 1878, $303,266; do paid in
1879, $34,025.
-(V, 32, p. 26 4 ; V. 33, p. 47, 224, 641; V. 34, p. 31, 86, 262 ; V.
35,
p. 188, 265, 404, 455.)
Chicago d’ Atlantic.—Road in progress from Marion, O., on line of N. Y.
Penn. A Ohio, to Chicago, 257 miles. Built as a
connecting line for N. Y.
P. A O. and N. Y. Lake’ Erie A West., and both those
companies guaran¬
tee the gross earuiugs on business over their roads to and from
tho
Chic. A Atlantic, as security for interest on the bonds.
Stock, $10,U00,000.
(See V. 33, p. 23; V. 34, p. 603; V. 35, p. 51, 211, 237, 405, 546,
705, 707.)
Balance,
sur. or def.. def. 174,053
*
Chicago Burlington <£• Quincy.—Dec. 31.1881, mileage
was as
Main line—Chicago to
Burlington, 205 miles; Burlington to
281 miles; branches—Central Depot, 2 miles;
follows
:
Plattsmouth,
Galcsourg to Quincy, 100;
Galesburg to Peoria, 52
; Yates City to Lewistou, 30; Lewiston to RushAurora to Turner Junction, 12; Geneva to Streator, 67;
Shabboua to Rock Falls, 46; Meudota to East Clinton. 62; Buda to Elm¬
wood, 44; Galva to New Boston. 50; Keithsburg Junction to Keithsburg, 5; Burlington to Carthage, 30; Carthage to Quincy, 40; Sterling to
Alton Junction, 260; Cleveland Junction to Cleveland,
Ill., 2; Port
Byron to Rock Island, 7; Keithsburg to Sagetown. 17: Keokuk to Bur¬
lington, 42; Chariton to Leon, 38; Chariton to Indianola, 33 ; Chariton
to Chilliqothe, 15; Creston to Hopkins, 45; Creston to
Fontenello, 28;
Red Oak to Hamburg, 40; Red Oak to Griswold,
18; Burlington Junc¬
tion to Villesca, 35; Hastings to
Sidney, 21; Hastings to Carson City,
16; Albia to Knoxville, 33; Knoxville to Des Moines, 35 ; Leon to Grant
City, 57; Albia to Moravia, 11; Bethany Junctiou to Albany, 47; Plattsmouth to Kcaruey Junction, 191; Omaha to
Oreapolis, 17; Crete to
Beatrice, 30; Beatrice to Wymorc, 12; Table Rock to Wymore, 38;
Wymore to Endicott, 27; Nebraska City to Central City, 150; Nehama
City to Nebraska City, 27; Nebamato Calvert, 9; Hastings to Indian¬
ola, 148; Indianola to Culbertson, 23;
Amboy to Hubbell, 52; Hubbell
to Endicott, 24;Atchison to Columbus, 221 ; total owned Dec.
31, 1881,
2,828 miles; leased—Quincy to East Louisiana and Branch to
Hannibal,
46 miles; used jointly—Altou to East St. Louis, 21
miles; Hamburg to
East Nebraska City, 10; Pacific Junction to Council Bluffs, 18; Canal
Street to Union Depot, 1; total, 96 miles; total
operated Dec. 31, 1881,
2,924 miles; controlled: Kansas City to Council Bluffs, 199 miles (28
miles
ville, 33;
of which included above under “leased;” Council B. to U.P. transfer
grounds, 2; Winthrop Junction to Atchison Bridge, 1; Main Line to East
Nebraska City, 2; Amazonia, Mo., to Hopkins, 50; Bigelow to
Burling¬
ton Junction, 32;
Corning to State line, 30; grand total,€,212 miles.
There was also under construction December 31, to be
completed during
1882, 308 miles additional. The extension to Denver was opened May,
18S2. Also bad control of the Burlington A Southwestern
HR., the St.
Joseph A Des Moines RR,, and leased "the St. Louis Keokuk A Northw.
RR., and (jointly with Wabash) the Humestou A Shenandoah RR.
The Chicago Burlington A Quincy was a consolidation
(Jan. 1, 1873)
of the Chicago Burlington A
Quincy in Illinois and the Burlington A
Missouri River in Iowa. The Q. A. A St. e. was leased in
perpetuity
from Oct. 1, 1876, at a rental of $12,000 a
year. The St. L. R. I. A C.
was leased from Oct.
1, 1876, at a rental of $175,000 a year.
In
1880 the Burlington A Mo. in Nebraska was absorbed, 630
miles,
including leased lines. A stock dividend of 20 per cent was then
made. The Republican Valley RR. stockholders were
given a deferred
stock entitled to no dividends before Jan.
1, 1885, but in Oct., 1831, tho
Chic. Bur. A Q. stock was given for this, in the
proportion of three
shares for four. The C. B. A Q. 4 per cent bonds were issued
against
Rep. Valley and Bur. A Col. 5 per cent bonds held in trust, and an equal
amount of Rep. Valley stock scrip was also issued to subscribers to
the
bonds, such scrip being exchanged April 1,1882, Into Chi. Bur. & Q.
stock. See V. 33, p. 328. Tho Kau. City St. Jo. A Council Bluffs and
branches was purchased, 254 miles, and the C. B. A
Q. 4 per cent bonda
due Sept. 1, 1921, issued to pay for it. New stock to amount of 10
per
cent of old issued at par to stockholders of record June 30, 1882.
Tho Chicago Burlington A Quincy on its leases of the numerous branch
roods usually gave them a traffic guarantee of 40 or 50 per ceut for
pur¬
chasing their bonds. Enough of the C. B. A Q. consolidated
mortgage
is reserved to take up prior debts. The bouds of 1376 for St. Louis
Rock
Island A Chicago Railroad are plain bonds of Cliio. Burlington A
Quincy,
offset by mortgago of like amount on St. Louis Rook Island A Cliio ago
road deposited with trustees. Prices of stock have been:
Jan
Feb
Mar
Apr
May
June
1882.
138 -132*4
136*8-128
135*8-127*3
134*8-128*3
133*3-129*3
132 -127*a
1881.
182*3-16738
175
-160
169^-161*3
166*8-162
1882.
July
Aug
Sept
173
-165
Oct
Nov
171
-162*3
Doo.
135
141
1881.
-127
165*8-154
-1335a 161*3-149
137 -131^ 166x-147*3
133*3-129
160-136 xp
132*3-120*3 145 -1363*
x139»b-133*3
xxii
RAILROAD
Subscribers will confer
a
STOCKS
AND
BONDS,
great flavor by giving Immediate notice of any error discovered In
these
DESCRIPTION.
Miles Date
Ftr explanation of column headings, &c., see note8
of
of
on first page of tables.
Road. Bonds
Chicago Burlington A Quincy—(Continued)—
Ottawa, Oswego & Fox Riv., 1st m 1 Coupon, 1
Illinois Grand Trunk, 1st mort.... > but may be >
Quincy & Warsaw, 1st moot
} registered. )
Outstanding
$1,000
1870
1870
500 &c.
1876
1876
1,000
1,000
1,000
1863
1869
50 &c.
500 &c.
1870
1878
500 &c.
600 &c.
1872
1,000
728.000
1,000
1,000
3,347,000
571,000
939,000
1,125,000
40
....
191
49
....
133
Republican Valley RR., bonds
1880
1877
....
....
149
Atchison & Nebraska. 1st mortgage
Lincoln <fc Northwestern RR. bonds
Kansas City St. Jo. & C. Bl., mortgage ...i
do
do
income bonds, reg...
Chicago & Canada Southern—1st mort., gold
Chic. Detroit & Canada Qr. Tmtnk Junction—1st M.
Chic. <£• East. Ill— Stock
1st M.,coup. is. f. $20,000 after ’85)
1878
1880
1877
1877
1872
1859
....
274
....
•
•
•
mortgage
Chicago Iowa <6 Nebraska—Stock
2d mortgage (now 1st) extended
100 &c.
6
1,000
2,541,000
100
100
1,095,000
3,000,000
3.000,000
767,000
250,000
250,000
5,179,016
7 g.
1870
1871
1,000
1,000
....
years are as follows:
1877
100 <fcc.
100 &c.
1,000
1,000
1860
1863
....
....
1875
433
1878.
1879.
1880.
1881.
1,760
2,675
97
2,826
97
98
1,709
1,857
$
$
2,439,180 2,566,652
11,152,179 11,650,623
528,306
599,831
2,772
$
903,641
2,924
$
3,616,086
16,595,819
1,112,245
20,492,047
9,362,904
21,324,150
10,574,357
11,129,143
10,749,793
14,119,665 14,817,105
7,533,135 7,228.222
6,586,530
7,588,883
3,534,209
income ACCOUNT.
1878.
Net B. & M. land grant.
Total income
Disbursements—
Rentals paid
Interest on debt
Taxes
1879.
$
6,586,530
$
7,588,883
$
11,129,143
899,315
10,749,793
1,170,437
6,586,530
7,588,883
12,028,458
11,920,230
$
155,695
2,155,972
*603,437
Dividendst
2,212,827
Carried to sinking fund.
223,313
Aocounts written off
TransTd to renewal fnd 1,000,000
$
179,093
2,110,938
328,844
3,081,985
230,493
423,085
1,000,000
1880.
$
203,006
3,282,718
441,590
4,366,064
563,385
1,250,000
1881.
$
$
310,668
3,430,454
492,154
4,349,286
687,246
1,000,000
Total disbursements.... 6,351.244
7,354,438 10,106,763 10,269,808
235,286
234,445
1,921,695
1,650,422
*
Including $264,456 foi taxes of 1873 and 1875.
t In 1878. 8 per cent; in 1879, 8; in
1880, 9*4; in 1881, 8.
—{V. 33, p. 124, 201, 224, 281, 305, 328, 384, 468, 559, 589, 622, 686;
V. 34, p. 19, 86, 264, 290, 315, 343. 377,
419, 433. 575, 625, G3C, 663,
687,714; V. 35, p. 96,266, 297, 456, 677.)
Chicago Canada South.—Dec. 31,1881, owned from Grosse Isle, Mich,
to Fayette, 0.,67 miles.
On Nov. 1, 1879, it was transferred to the Lake
Shore & Mich. South. It has a capital stock
amounting to $2,667,400
and a bonded
Balance, surplus
debt of $2,541,000, and owes
upwards of $1,500,000 over¬
due coupons. Original cost, $5,176,557. It is a
part of a projected line
between Chicago and Detroit River, but failed in 1873.
Chicago Cincinnati <£• Louisville.—Dec. 31, 1880, owned from
Peru,
Iud., to*La Porte, Ind., 73 miles. Opened in 1858. It is a
reorganiza¬
tion of tne Cin, Peru & Chi., and forms a part of the
line from Indianap¬
olis to Michigan City. No information is furnished
by the officers.
Chicago Detroit <£■ Canada Grand Junction.—Dec. 31, 1881, owned
from Port Huron, Mich., to Detroit June., 59 miles.
Opened in 1859.
Leased to Grand Trunk of Canada. Operations,
expenses, &c., included
in lessees’ returns. Rental, $112,500, out of which
paid interest, $65,700,
and dividenus, semi-annually, each 2 per cent,
$43,800. Capital
$978,984, and funded debt, $1,095,000. The road is owned stock,
by the
lessees, but a separate organization is maintained in Micliigan.
^
to
Chicago dt Eastern Illinois.—June, 1882, owned from Dolton, Ill.,
6
6
Whom.
1,150.000
3,916,200
256,000
211,500
22,810,687
3*2
3*2
14,401,483
11.738,000
7
,
N.Y.,N.Bk.of Comm’rce
Boston.
N.Y., Farmers’ L.& T.Co.
do
do
KwK'but
J.
J.
J.
J.
J.
J.
J.
F.
A.
A.
J.
.
.
<fe
.
J. New York anti
Ia)ndon.
do
do
J. N.Y..
E.P.Beach.B’way.
J. New York and Boston.
J.
do
do
J. Boston, by Treasurer.
J. Boston, Merchants’ B’k.
A. N. Y., Nat. Park Bank.
0.
New York, Office.
O.
do
do
J.
do
do
& J.
&
&
&
&
&
&
&
&
A
July, 1900
9°t.,
1890
July, 1890
gc£* 1
1,
Feb.
rw
V
1901
QftS
1
*o98
Boston, 49 Sears’ Bldg. July J, 1893
1, 1894
& J.
do
do
& J.
Boston, Office.
& D.
do
& O.
Boston, N. E. Trust Co.
A. & O.
Boston, Office.
J. & J. Bost., 49 Sear’s
Build’g.
M. <fc 8.
Boston, at Office.
J. & J.
Boston.
J. & J. Boston and New
York.
A. & O.
Boston, at Office.
A. <fc O. N. Y., Union Trust
Co.
J. & J.
London, England.
M. <fc S. N. Y., Central
Trust Co.
J. & D. New York, 4th Nat. Bk.
Dec.
N. Y., Central Trust Co.
D. & D. New York, 4th Nat. Bk.
.
6 g.
5
6
8
8
4
5
7
600,000
1,000
p.
6
3
6
7
3,530,500
649,500
100
100 &c.
500 &c.
100
100
....
1.604
105
16,054,197
*
1877
1881
ROAD AND EQUIPMENT.
operated
Earnings—
600,000
.
500 &e.
4,217
6
2,488,174
.
18S0
4,217
J.
J.
J.
A.
100
....
report was published in the Chronicle, V. 34,
Total
Payable, and by
J. & J. New York and
Boston.
A. & O.
Boston.
J. & J.
A. & O.
F. & A.
A & O
J. & J.
4,495,522
.
100 &c.
£100 Ac
82
82
-
7
7
,7
1880
1882
82
do
4,189,550
76,000
169,500
11,441.200
•
80
80
2d
'
840,000
66
mortgage income (non-cumulative)
C. & E. Ill. Extension, 1st mortgage
Dan. & Grape Creek RR.—1st
mortgage
Chicago <£- Grand Trunk—1st mortgage, $ and £
2d mortgage for $6,000,000
Northwest. Grand Trunk, 1st mort
Chicago Alowa—1st mort., coup., may be reg
890.500
8
8
8
5
5
7
8
8
6
8
4
7
720,000
2,325,000
67
59
240
123
123
14
23
330
330
2d
Miles owned and leased.
Miles operated jointly..
Rate per When Where
Cent.
Payable
$1,076,000
1870
46
281
do
Couv. bonds, C.B.&Q.stk.(6th ser.) )
reg.
Burl. A Mo. consol.M.for $14,600,000, s.f. $30,000
do
Omaha <fc 8. W., 1st M., guar
Burl. & Mo. bonds, s. f. for Ateh. & Neb. RR. stock
Nebraska consol, mort., guar
(now 2d)
Chicago Milwaukee <£ Si. Paul—Com. stock
Preferred st’ek (7 p. c. y’rly, not cumulative)
Consolidated mortgage (for $35,000,000)
Amount
Value.
270
Burl.& Mo. Riv., 1st on r’d &400.000 ac’s I’d » Cp.
do
1st M. on br.,C.B.AQ.stk.(5tli ser.) V or
Comparative statistics for four
or
Par
—
B’ds for 8t. L. R. I. & C. (sink, fund $50,000) coup.
The last annual
Size,
Tables.
INTEREST OR DIVIDENDS.
70
44
40
Quincy Alton & St. Louis, 1st mortgage, quar
3d
fVoL. xxxvt
Ju^y 1,
1.
July
1889
1918
June i,. i896
Jflu-
J, 1910
9cf‘
July, b
1896
1918-19
Mar. 1,
i9o8
Jan. 1, 1910
Jan- 1,
1907
Jan. 1, 1907
April 1, 1902
July 1, 1884
Mar. 1, 1882
Dec. 1, 1907
Dec., 1907
Deo. 1, 193!
Jan. i, 1900
Jan., 1922
Jan. 1, 1910
Jan. 1, 1900
Aug. l, 1901
Jan. 1, 1883
July, 1889
Aug. 15,1894
Oct. 16,1882
Oot. 16,’ 1882
July 1, 190
miles.
Ch irtered in 1869 and
opened in 1872. In hands of a Receiver
for
two year and a-lialf. and sold Mar.
9, 1878, in foreclosure of second
mort¬
gage of $1,150,000, but the sale and all foreclosure
proceedings wero
canceled and overdue coupons were
paid. Gross earnings for year
ending June 30, 1881, were $563,055 and net earnings
$243,800.
CaDstock, $1,328,000, and funded debt, $l,750,000; total
stock and
bonds, $3,078,000. Cost of road and equipment,
$3,418,479. This road
is used by the Chic. Burl. &
Quincy to connect with the III. Cent., and in
Feb., 1882, passed into control of Chic. Bur. *&
Q. (V. 33, p. 99 124
321 ; V. 34, p.264, 343.)
ital
Chicago Iowa <t Neb.—July 1, 1881. owned from
Rapids, la. (all steel), 82 miles. Chartered in 1853 Clinton, la., to Cedar
and opened in 1858
Bridge over Mississippi opened iu 1856. Leased to Galena & Chic. Un.
at
37*2 per cent of gross earnings, and now operated
by Chic & Northw.; the
maximum rental by subsequent agreement
to exceed
not
$500,000 a
year. Rental for 1881, $473,974; interest,
$32,386; dividends (9 per
cent), $352,458.
‘
,
Chicago Milwaukee
<t St. Paul.—Dee. 31,
1881, the
the mileage owned and operated following was
Chicago to Mil¬
waukee, 85 miles; Milwaukee to La Crosse, 196 miles; La
Paul, 130 miles; Milwaukee to Prairie du (ffiien, 194 miles Crosse to St.
; Mazoraanie
to Prairie du Sac, 10 miles; Milton to
Shullsburg, 77 miles ; North Mc¬
Gregor to St. Paul, 212 miles ; Conover to
Deoorah. 9 miles; Mendota
to Minneapolis, 9 miles; Rookton to
Rockford, Ill., 16 miles: Calmar to
Marion Junction and beyoud, 300 miles ; Marion
towards Counoil Bluffs,
198 miles; Austin to Mason
City, 39 miles ; Hastings to Aberdeen and
beyond, 272 miles ; from Aberdeen south, 33 miles;
Davenport to near
Fort Atkinson, 153 miles; Watertown to
Madison, 37 miles; Madison
to Howard
City, 22 miles; Milwaukee to Portage, 98 miles; Mad
ison to Portage, 39 miles,
Sparta to Mel vina, 12 miles; Lisbon to Neoedah,
13 miles; Wabasha to
Zumbrota, 59 miles; Horioonto Berlin and Winneconue,57 miles; Ripon to Oshkosh, 20 milesSabula to Cedar
Rapids,
92 miles; Paraita to Farley, 44
miles; Racine to Rock Island, 197 miles;
Eagle to Elkhom, 17 miles, and Eldridge to Maquoketa. 32
miles; Glen¬
coe to Ortouvillo and
beyond, 206 Wutv ; La Crosse to Madison, 375
miles; La Crescent to near Sabula, la., with
branches, 324 miles;
Tomah to Jenny, 109 miles; Mineral Point to
Warren, and branch, 51
miles; Chicago to Lanark Junction, 115 miles; 8kmx
City to Yankton,
witli branch, 131 niile-^;
Minneapolis to Burton, 28 miles; from Bridgewater west, 80 miles; Dell
Rapids to Sioux Falls. 19 miles; and small
branches, amounting in all to 127 miies; total
operated, 4,217 miles.
The Milwaukee & St. Paul Railroad
Company was organized May 5,
1863, and embraeed a number of other companies, including the Milwaukee A Mississippi, the Prairie du
Ciiien, the Lacrosse & Milwaukee, and
ot ic”8. The Milwaukee & St. Paul
afterward purchased the St. Pau' &
Chicago Road and others, and built the line from Milwaukee to Chicago,
and on February 11, 1874, the
company took its
Western Union Railroad was leased in 1879 for 999 present name. The
years, and the bonds
were retired by the issue of the Chic. Mil.
<fc St. Paul bonds secured by
mortgage on that road. Of the consol, mort. ‘.Hinds of 1875,
enough aro
reserved to take up the prior bonds. Tno latter
had a sinking fund of
1 per cent per annum, but holders
may have their bonds stamped and
discharged from the operation of the sinking fund. In June, 1»8‘2, a
further issue of 20 per cent in stock was
voted, of which 10 per cent
was issued as a dividend to
stockholders of record Sept. 15. 1882, and
10 per cent was sold to them at
par.
The preference of the preferred stock is a
prior right to a non-cumulative dividend of not exceeding
7 per cent from net earnings (except that
$250,OoO above interest on bonds may be reserved as a
working capital,
before payment of the dividend.)
After payment of 7 on preferred and
7 on common, both classes share
pro rata. Prices of stock of the Chicago
Milwaukee
St. Paul have been:
Common.
Preferred.
—1
1882.
1881
1882.
1881.
January
11078-104*9
124*4-109*4
123 -119*4
132 -122
officially reported
as
Danville, Ill., 107*2 miles; Coviugton, Iud., to Coal Creek, Ind.. 10*2
miles; Danville to SidelTs, 23 miles; leased, Dolton to
Chicago (C. <fc
W. I.), 17 miles; Wellington Junction to Cisna, 13
miles; Evansville T.
Haute & C. RR., Terre Haute to Danvillo, Ill., 55 miles
; Otter Creek to
Brazil, Ind., 14 miles; Danville, Ill., to Covington, Ind., 13 miles;
total operated, 240 miles. Evansville Terre Haute &
Chicago leased
May 1,1880, for $7o,000 per year. The Chicago & East Illinois was February.... 110*s-106*4
117*2-101*2
12270-12O
126*2-U7
March
chartered as Chicago Danville. & Vincennes in
11S*4-108
114*8-106
126 -119*2
1865, and opened m 1872
126 -120%
and 1873. Sold under foreclosure Feb.
April
11378-1083i
1133*108
7, 1877, and reorganized under
1223*11831
126*2-119%
U3*2-1093i
129 -1123a
existing style Sept. 1,1877. In March, 1882, the U. S. Supremo Court May
322 -1 19
140 -125%
June
112 5(3-108
reversed the decree of foreclosure of the Danville
129*4-120
128 -120
road, but granted a
135^-132
July
122*8-1 1178
rehearing, on which the old decree was reversed and the cause re¬
128ys-l0712
135*8-127
138*4-123
125 -11978
manded. Report for year euding June 30.
August
116*4-11 *e
130*2-134
1882, showed $1,69',266;
133*8-1291«
September.. 128*4-lo7*2X
net, $693,444. (V. 33, p. 100, 41 1.502; V. 34. p
11 lg* p.144 ^-123x 133%-24%x p.
b6,114,175,291,316, October
11158 107
343, 548, 574, 636; V. 35, p. 21, 78, 373, 404, 454, 486, 515, 601.)
112*4-106
129 -122
124*2-116%
November... Ill
96*2
llo78-10o3a
127 -114*2
125*4-119%
Chicago & Grand Ttnink—This is the consolidation of roads between December
108 78-102*4 Port Huron and Chicago formed in
121 -117
-.....„
April, 1880, under the control of the An
abstract of the last annual report
Grand Trunk of Canada; 339 mules operated. It includes
the former
(for 1881) was published in the
Port Huron «& Lake Michigan and the Peninsula
roads, sold in foreclosure. Chronicle, V. 34, p. 519.
The report of the Laud Commissioner
Stock, $6,600,000 iu $100 shares. The Grand Trunk of Canada
states that lathe Iowa grant
gives a there were sold in
traffic guarantee of 30 per cent of
lb8l, and continued t.- be sold, 158,344 acres, at the
gross earnings on business to and
from the Northwest Grand Trunk Road, to
price of $721,851; and there was received on account thereof
apply for 20 years on the
$^48,385
first mortgage interest and for 30
cash, beiug $219,922 principal and $28,462 interest. In tho Minnesota
years on the Northwest Grand Trunk
interest. Gross earnings for 1881,
$1,631,751 ; net, $199,726. (V. 34, giant the sales aggregated 1,12o acres, amounting to $6,720. The lauds
p. 86, 315.)
remaining unsold Doc. 31,1881, wero as follows: In Iowa, 186,531
acres; in Minnesota, $314,426 aores;
Chic. <& Ioica.- June
making a total of 500,958 acres.
30,1881, owned from Aurora,Ill., to Foreston, Ill.,
The following table shows the
SO miles; leased, Flagg Centre to
operations, earnings, capital aocount
Rajkfoid, 24 miles; total operated, 104 &c., for four years;
/
,
-
-
,
will confer a great favor by giving
Subscribers
description.
rr^^ufttion of column 0f
headings, &c., see notes
tor
rtrgt
tables.
pa;J:e
on
TjZZoMihcauJ.cc & St. Pout-(Continued)1st
mortfage (Iowa &
Minn.)
mortgage. (Minnesota Central).
latniortgage, (Iowa <fe
1st
Dakota)
Coup
?
m..v
but
fffi da CUien!::: j '*$*£*-
st.
P
1st
*
lat M.,
Hastings <fe Dakota.
Cliie. & Mil- 111JC
I
HR
Bonds for Davenport & Northwest
iRt mort. on S. W. Div. Western Union
iHt moit. on Chic, <fe Pac. Div., Cliic. to
RR
Miss. Riv..
let mold, on So. Minnesota Div. ($9,000,000)
T and grant income bonds
let mort. on Hastings & Dakota Div. extended ..
iel mort on Chic. Clinton Dubuque & Minn
let mort. on Wisconsin Valley RR
Prior mort.
do
let mortgage, Mineral Point Division
inf mortgage Chic. A Lake Superior Div
let M gold”on Chic. & Pac., W. Div., $20,000 p. m.
let mort. on Chippewa V. «fc 8
— ..
Dubuque Southwestern, 1st mold
Chicago £ Nortlncestern— Common stock
Preferred st’ek (7 p. c. y’rly, not cumulative)
Bonds, prof, (sink’g fund), 1st mort., Chic, to Osh.
Interest bonds, funded coup., 2d in., Chic, to Osh.
let mort., general, 3d mort., Chic, to Oshkosh.
let mort. (Peninsular RR.) oil roads and lands...
^
Consol, sink’g f’d Mortg.....................
Madison extension, 1st mort., sinking fund, gold.
Chicago & Milwaukee, 1st mortgage
1,412,663
Passengers earned..
Passenger mileage... 65,498,180
3-09 cts.
Rate per pass. p. mile
Av. rate
1,000
1,000
1,000
■
1,000
1,000
4,000,000
540
1880
1880
1,00)
1,000
158
1880
300
107
107
142
68
465
75
47
3.278
1880
1,000
1,000
3,000,000
7,203,000
352,000
5,290,000
....
1879
1880
1881
1882
1863
1,000
1,000
1881
3,278
1859
1862
1859
1863
1865
1871
193
193
193
74
779
12085
100
100
100 &c.
100 Ac.
100 Ac.
1,000
2-84 els.
2-86 cts.
4,276,088
p.tou p. mile
$
1-76 cts.
$ -■
2,273,701
$
Earning s—
2,011,496
Passenger—-
697,347,607
3,159,051
1*72 cts.
1-70 cts.
$
3,938,989
6 850,755
8,884.227
Mail, express, &e—
5,750,497
689„774
888,363
1,042,841
11,884,795
1,201,677
earn’gs...
Operating, expenses.
8,451,767
4,792.313
10,012,819
5,473,794
13,086,119
7,742,425
17,025,461
10,317,931
Net earnings
P.c. of op.ex. to ear’gs\
3,659,454
4,539,025
5,343,694
6,707,530
Freight
Total gross
54-70
56-70
60-60
59-20
$
6,707,530
7,342,838
$
4,127,389
3,659,454
13,430
74,517
$
5,343,694
324,298
Total income
Disbursements—
Interest on debt, ....
Divs. onpref. stock..
Do rate percent...
Diva, on com. stock ..
Do rate per cent...
Miscellaneous
3,072,834
$
2,135,730
1,289,340
4,613,541
$
2,287,407
5,667,992
$
2,837,385
859.564
859,564
887,424
10*3
7
7
7
385,106
1,078,298
1,078,298
7
81,000
7
87,040
2*a
70,000
Total disbursements.
Balance, surplus..
3,512,116
3,602,077
4,856,247
1,011,464
811,745
6,093,111
1,249,727
.
Other receipts.
160,768
GENERAL BALANCE AT
1878.
Railroad,equipm’t,«fcc 59,001,257
I <) auq non
Stocks owned,cost...
Bonds owned, cost...
"
>
Bills&acc’ts rec’vable
Materials, fuel, &c. ..
Cash on hand
Daven. & N’west RR.
Ill. <fc Iowa coal lands
->4(>y«uyb
185,610
133,127
976,160
$
63,399,448
$
1898
1898
1891
Jan., 1902
1902
1903
1919
July 1, 1909
Jan. 1, 1910
1910
1.
Jan.
1890
Jan.
1, 1910
1920.
July 1,
July 1, 1920
1, 1909
Jan.
1910
July 1, 1921
1, 1921
Jan.
Oct., 1883
1882
Dee. 27, 1882
Aug. 1, 1885
Nov. 1, 1883
Aug. 1, 1885
Sept. 1, 1898
Feb. 1, 1915
April 1, 1911
July 1, 1898
Dec. 27,
232,736
1,129,215
417,660
74,066,074 103,313.644 125,636,593
also consolidated.
The progress of the company in mileage, traffic, earnings, <fcc., is best
shown in the comparative table# below. Quarterly dividends were com¬
menced on the preferred stock in February, 1879. The' sinking fund
bonds of 1879 are secured by a deposit of mortgage bonds, on the new
roads acquired at the rate of $15,090 per mile, and the terms under
which these are issued were published in V. 29, p. 277. The deed sett
forth that this company issues its sinking fund bonds, to run 50 years
from the 1st day ot October. 1879. interest not exceeding 0 nor cent,
exceeding $15,000 per mile of railroad actually
acquired. Of these bonds so far Issued, $6,305,000
the balance 5s.
There are several small issues oi
136
131*8-124
-1283s
January
February....
136
April
May
131 Si-J 253*
13158-128
13
141
144
145
138
137
146
144
145
140
140
-136
-139*2
147*2-142
151*4-146
L7a-121
175
171
165
12758-122
127%-122%
126*4-120*8
13038-123%
130*4X123
-137
15034-144
150
147*2-139*8
-139
142*8-13738
-124%
13238X12438
133*4-130%
September...
145
135
132*2-1 28*4
July
141*2-136*2
-123%
-151%
-164*2
-131*8
-131%
-131*2
-137*2
-137*2
-136
-135%
-135*«
136*8-131*2
144 -135*4
143*4-136
-159
1G3%-115
October
146%-142*9
November...
14538-129%
Decemlier
The company has a land gi’ant
>
1881.
1882.
134*4-117
125*2-119
124*0-1*9*4
-139
145
August
Preferred.
/
1881.
1882.
and the summary of the Commissioners’
total consideration for the lands and lots sold
$883,126. The number of acres which were actually
report showed that the
amounted to
deeded from the various grants during the year was 158,613, and the
number of acres under contract of sale at the end of the year was
353.860. The receipts from cash sales and advance payments amounted
$169.953; from inter¬
lauds and stumpage. $9,660. Total cash receipts, $820,194. The statement of amounts
secured to be paid to the company by outstanding eon tracts of sale in
to $598,404; from time payments on credit sales,
est on contracts, $42,170; and from trespass on timber
liscal year showed a total of $777,030.
TABLE OF LAND GRANT LANDS FOR YEAR
Acres
Name of
giant.
Total.
was
July 1, 1908
do
J. London and New York.
New York, Office.
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
Boston.
J.
New York, Office.
J.
do
do
J.
do
do
J.
Common.
,
503,119
mileage was made up in the annual report as follows: Wisconsin
Division, 555 miles; Galena Division, 313 miles; Iowa Division, 622
miles; No. -Iowa Division, 291 miles: Madison Division, 461 miles;
Peninsula Division, 291 miles; Winona & St. Peter Division, 448 miles;
Dakota Division, 296 miles; total, 3,278 miles.
The Chicago St Paul As Fond-du-Lac Railroad, which was a consoli¬
dation of several roads, was sold in foreclosure June 2, 1859, and the
Chicago & Northwestern Railway was organized as its successor with a
mileage then of 193 miles, not all complete. In 1864 the company
absorbed the Dixon Rock. & Kenosha, the Gal. & Chic. Union and the
Peninsular RR. of Mich. In 1878 the Lacrosse Tremp. & Prescott RR.
amounts not
do
do
do
do
do
do
do
prices of stock have been as follows:
564,715
382,951
the
constructed
are 6s and
The
385,971
-(V. 33, p, 254, 411, 441, 519, 559, 580, 589, 641, 687, 736; V. 34, p.
114, 292, 315,367, 408, 460,479, 519, 521, 522,560, 587,625,663, 679,
687.714; V. 35, p. 21, 23, 182, 211,431,456, 487, 574, 576, 637, 658.)
Chicago <t- Northwestern.—At the end of the fiscal year, May 31, 1882,
and in
1893
1884
1897
1894
1899
York, Office.
187,
then
Michigan
Wisconsin
873,911
63,083,910
New
do
do
do
do
do
do
do
do
J.
O.
J.
J.
J.
J.
A.
A.
J.
Val. RR., $170,000.7s, du- 1908 : i lainview, $100,000, 7s, due 1908.
As to the nom nal surp us of the company representing the expendi¬
tures for proprietary road , &c , sec remarks in Chronicle, V. 35, p.
on the annual report.
Preferred stock bus prior right to 7 p. ct.;
common entitled to 7; then preferred has a further prior right to 3 per
cent; then common to 3; then both classes share.
663,641
1,028.764
555,200
112,329
Dividend.
(all less than $200,000 each) in addition to those in the table
above, viz.: Appleton extension, $116,000, 7s, due 1885: Green Huy
extension, $180,000, 7s, due 1885; Miss. River bridge bonds, $153,000,
7s, due 1884; Beloit & Madison RR., $188,000. 7s, due 1888; Minnesota
783,992
63,083.910 74,066,074 103,313,644 125,636,593
$
$
$
$
15,404,261 15,404,26 L 15.404,261 20,404,261
Stock, common
12,279,483 12,279,483 12,404,483 14,401,483
Stock, preferred
Bonds(see Scpplem’t) 32,088,500 41,349,500 67,172,000 79.059,000
789.927
3,899,002
2,067,165
All ether dues & aee’ts
305,877
5,593,011
4,343,283
Income account.
3,531,538
2,520,074
2,279,836
1,048,541
711,365
484,715
Unpaid pay-rolls, &c.
Total liabilities...
3,019,500
1.700.000
7,133,0-3
483,604
Liabilities—
Advances....
7
7
7
7
7
7 g.
7
Acres deeded
unconveyed
May 31.’81.
1,329.690
during
Minnesota...
year.
May 1882
550,786
38,695
342,324
112,232
.
14.532
20.688
2,335.033
153,613
353,860
...
Men. River..
000
.
or
contracted.
970,186
447,895
326,210
1.824,421
276,668
64,195
1,582
11,415
....
...
Acres
not deeded
Acres under
contract.
$
.....'
Total
O
971,400
676,300
3,440,300
1,265,36 4
801,694
.
New York, Office.
A. & 0.
I. A D. New York, Co.’s Office.
do
do
Q.-M.
do
do
F. A A.
do
do
M. & N.
do
do
F. <fe A.
do
do
M. & S.
do
do
Q.-F.
do
do
A. & O.
do
do
J. & J.
3*2
force at the end of the
1881.
99,185,GS3 120,073,630
1,750,000
318,660
5
7
16,737,655
22,210,844
2,163,557
n iqq noo
Cash due on st’lc subs
Miscellaneous Items..
635,308
CLOSE OF EACH FISCAL YEAR.
1S80.
;
1879.
$
Assets—
&
June
$
4,539,024
$
J.
March
INCOME ACCOUNT.
Receipts—
Stocks—Last
by
bonds
1831.
3,260,553
2,559,734
1,955,699
moved 321,818,902 401.595,734 504,876,154
mil’ge.:
1-80 cts.
&
&
&
&
&
A
&
5
6,890,000
500 &e.
....
&
J.
J.
J.
J.
J.
J.
J.
J.
J.
5 g.
256,000
1,000
1,000
J.
6
6
7
5
1.700.000
1,109,745
2,840.000
1.360,000
13,810,000
1,575,000
74,000
1,000
1,000
1,000
&
&
&
&
&
&
&
&
&
&
&
&
&
&
J.
7
6,152,000
107
500
1880
F.
F.
J.
J.
J.
J.
7
7 g.
7
7
5
6
6
6
7
2,500,000
1,000
2,985,885
2,127,501
1,555,440
78,119,592 111.561,919 137,940,086
2-93 cts.
558,000
3,814,000
3,674,000
1,300,000
215,000
3,998,000
97,000
2,194,000
J.
A.
J.
J.
J.
J.
8
7-3
3,431,000
123,000
1879
OPERATIONS AND FISCAL RESULTS.
] 880.
1879.
18', 8.
Operations—
Freight (tons)
Freight (tons)
1869
1878
1868
1868
1861
1872
1872
1873
1879
....
Ic.lst M.(Riv. D.)$A£(conv.)
mortgage,
1,000
1,000
1,000
1,000
1,000
1867
7
7
7
7
7
7
$5,673,000
387,000
3$ 1,000
1864
130
75
85
160
212
-
pal,When Due.
..
1863
1864
335
235
235
lstM.^.&Da^Ext.^$L%O00 i>.m.) ^ registered ,
tf
.
....
b,»
immediate notice of any error discovered in these Tables.
Bonds—Princi
INTERE8T OR DIVIDENDS.
Date
Miles
Size, or
Amount
Rate per When Where Payable, and
of
Par
of
Whom.
Cent.
Road. Bonds Value. Outstanding
Payable
370
370
220
49
lTmortgage f Lacrosse Div.)
xxiii
AND BONDS.
STOCKS
RAILROAD
1882. J
December,
81.697
larger than in 1880-Si; net
80,129
earnings also much larger. The latest
(1881-82) in the Chronicle, V. 35, p. 187, showed the
following earnings, expenses, &c., for the whole lme, including pro¬
prietary roads:
annual report
OPERATIONS ANI) FISCAL
RESULTS.
1879-SO.
1880-81.
1881-82.
Passengers carried. 3,328,427
3,964.798 4,482,317
6,754,717
Passenger mileage.116,063,482 140,116,884 164,333,508
205,574,178
Rate per pass. p. m.
2-79 cts.
2*67 cts.
2*53 cts.
2*52 cts.
Fr’ght(tous) mov’d. 4,265,9 <7
5,574,635 6,662,112
8,190,893
Fr’ght (t’lis) mil’ge.681,878,311 865,909,542 980,522,774 1,192,188,039
1-47 cts.
1V78-9.
Operations-
Av. ratep. tonp. m.
1-56 cts.
1*47 cts.
3,737,343
4,158,130
14,411,151
$
$
Earnings—
3,240,696
Passenger
10,637,308
Frieght
702,857
Mail, express, &c..
Tot. gross
1*49 Cts.
earn’gs 14,580,921
12,897,778
714,228
761,791
17,349,349 19,334,072
Taxes.
Total
Net
earnings
P.c.of op.ex.toearn.
9,979,619
446,202
522,558
8,431.599
6.873,272
8,917,750
10,425,821
8,908,251
11,045.022
7.349,653
357,996
52-86
382,241
48*59
1878-79.
$
6,894,283
Receipts—
earnings
Net
Disbursements—
Rentals paid
Interest on debt...
Dividends
8,917,750
$
1,225,732
3,261,793
2,105 8i>8
..
Sinking funds
Miscellaneous
Tot. disb’rsem’ts.
or
Balance, surplus...
1S80-81.
$
$•
1,408,003
3,322,015
2,405,521
7
pref
Rate on common
1879-50.
7
4
6
12,639,634
53-37
5392
INCOME ACCOUNT.
on
23,684,656
12,117,076
8,049,358
7,707,649
Operating exp’nsce
Rate
5,171,423
17,525,134
988,099
8,908,251
$
1,384,732
3,647,897
2,420,273
7
6
1881.82.
$
11,045,022
$
1,569,618
3,999,208
2,586,637
•
7*4
6*2
98,120
98,120
9,442
98,120
98,120
6,691,513
7,243,101
1,074,649
7,551,022
8.253,583
1,357.229
2,791,499
2o2,770
XXIV
RAILROAD STOCKS AND
Subscribers will confer
a
DESCRIPTION.
BONDS.
fVOL. XXXV.
great favor by giving Immediate notice of
any error discovered In these
Tables.
Miles Date Size, or
For explanation of column
headings, Ac., see notes
of
of
Par
on first
page of tables.
Road. Bonds Yalue.
Amount
Outstanding
INTEREST OR DIVIDENDS.
Rate per
Cent.
WTien
Where
Payable
Payable,
Whom.
iiom/s—Pri^;
pal,When Due
and by
Stocks—Last ’
Dividend.
Chicago d Northicestcrn—(Continued)—
Menominee River. 1st mort., guar
25
Menominee extension, 1st mortgage, gold
120
Gen. cons mort., gold, coup, orreg.
($48,000,000)
Winona A St. Peter, 1st mort., guar by Chic. ANW. 1,058
137
do
2d mort., guar, by Chic. A N.W.
137
do
1st M. extern, gld, laud gr., s. f..
175
Iowa Midland, 1st mort., guar, by Chic. A N. W..
75
Northwestern Union, 1st mortgage, gold
62
Rochester A No. Minnesota, 1st
24
mortgage*
Chic. Mil. A N. W., construction bonds
Chicago A. Tomah, 1st mort., guar
Milwaukee A Madison. 1st mort., guar
80
Sink. fd.bds.( 1st M. as collateral)
($15,000 p. in.)..
Des Moines A Minneapolis RR. 1st mort.
Bonds...
53
Escanaba A Lake Superior RR., 1st mort
36
Dakota Central RR., 1st mort
.
Other small issues (see remarks
below)
*
or reg
Chic.A Soiithw., IstM.g. (g’d in cur. bv
C.R.LAP.)
Chic. St. Louis d V. 0.—1st M. (N. O. J. A G.
N.)....
2d mortgage, (N. O. J. A G. N.)
1st mortgage, (Miss. Central)
($18,000 disputed)..
2d mortgage,
do
636
271
206
224
185
185
Chic. St. Louis A N. O. 1st mort
567
do
do
2d mort
567
do
do
eons.M., gld.(for $18,000,000)
Ail.
Chic. St. Paul Hin'poiis d Omaha—Common stock..
1,003
Preferred stock
Consol, mortgage (for $30,000,000)
Chic. St. Paul A Minn., 1st mort.,
gold, coup
177
.
$560,000
7
7
7
7
7
7
8
7
7
6
2,586,500
12,343,000
2,547,000
1,607,000
4,124,500
1,350,000
3,396,000
200,000
450,000
.
IS SO
1879
1882
1SS1
1,000
1,000
1,000
1,000
....
Chicago Pekin d Southivcstcrn—1st mortgage
96
Chic.Portage d Superior—1st mort., gold
Chicago Pock Island £ Pac.—St‘ck (for $50,000,000) 1,381
1st
mortgage, conn,
1876
$....
1871
500 Ac.
1872
500 Ac.
1870-1
1,000
1870-1
1,000
1871
100 Ac.
1870
1,000
1872
500 Ac.
1878
1871
1SS1
1,528,000
1,600,000
13,280,000
600,000
720,000
300,000
887,000
....
1,000
1.000
100
-
l,000Ac
100 Ac.
1.000
1,000
500 Ac.
1,000
1,000
1878
500 Ac.
6
7
8
8
7
8
7
G
5 g.
80.000
Assets.
and
1880-81.
equip. $74,120,342
Other companies—road, equipment, Ac
Real estate in Chicago
Dc:» Moines A Minn. Railroad account
48,311,241
200,000
363,809
2,233,235
1,125,779
1,255,098
Bonds owned
Bills and accounts receivable
Materials, fuel, Ac
Cash
on
hand
Trustees’ sinking
1,977,865
fun<J
Liabilities.
.T.
M.
J.
A.
M.
F.
M.
J.
I.
$76,739,549
54,679,521200,000
865,819
1,2 82,033
2,291,340
1,760,603
Total
$15,095,924
22,153,119
22,383,150
64,248,000
366,000
971.185
1,321,000
404,774
2,141,311
74,829
1
O
8,764,000
6
3,000,000
0 £•
7,264,582
—(Y. 32, p. 233, 611, 636; V. 33, p. 199, 322, 404.
467, 559, 580, 587,
736 ; V. 34, p. 158, 176, 367, 479,
488,567, 603, 636, 679; V. 35, p. 187,
265, 291. 297, 347, 374, 405, 431, 478, 577, 677.)
1> 1911
1.
1,
1.
If
1902
1887
1907
1916
Oct. 1. 1900
do
June 1. 1917
do
Sept. 1, 1908
do
Nov. 1, 1905
do
do
do
do
Sept. 1, 1905
do
do
Oct. 1, 1929
do
do
Feb. 1, 1907
do
do
July i, loot
do
do
Sept. 1, 1907
do
do
X. Y.. Farm. L. A T. Co.
1901
New York.
Jan.
Xew York, Co.’s Office. le b. 1, 1921
1, 1883
do
do
July l, 1917
do
do
Nov., 1899
X. Y., 214 Broad wav.
Julyl, 1886
Pu C
©
Oct. 1, 1890
do
do
1884 or before
do
do
1880 or before
do
do
Nov. 1, 1897
do
do
Dec. 1, 1907
do
do
June
Aug".'1,*
15,1951
.T
J. & D.
X. Y.. 52 Broadway.
M. A N. X. Y., Corn Excli. Bank.
1878-79.
Pcccipls—
Net earnings
■
Jan.
20, 1883
June 1. 1930
May 1, 1918
3830-81.
$
1881-82.
$
$
5,326,751
5,265,121
37,277
5,943,781
13,208
350,000
490,000
650,000
5,615,121
5,854,028
6,606,989
$
135,037.
$
322,137
949,700
2,727.387
9
327,593
950,000
2,937,186
998,823
Total income
5,328,786
Disbursements—
$
Rentals paid
Interest on debt
Dividends
Rate per cent
125,000
1.008,580
1,993,085
9*2
Miscellaneous
Add. and
1879-80.
9
4,329,963
Miscellaneous
Assets of sink’g fund.
From land departm’t
1,078,110
2,097,988
10
imp. acc’t,.
714
7
125,327
2,285,000
2,215,000
Total disbursements.
3,126,665
3,311,135
Balance, surplus
6,284,224
2,202,121
6,555,106
2,303,986 def.430,196
51,833
....
439,935
407,000
$139,139,871
A.
X.
D.
D.
June
Dec.
Jan.
Nov.
Dec.
do
do
do
do
do
....
10 854 933
1,321.000
$129,704,369
J.
N.
J.
O.
N.
•
18,715,733
$139,139,871
689,534
675,430
4,098
A
A
A
A
A
A
A
A
A
York, Co.’s Office. July
1. 1906
do
do
do
do
do
do
do
do
do
do
INCOME ACCOUNT.
$129,704,369
Stock, common (less amount held by Co.).. $15,093,488
Stock, preferred (less amount held by Co.).
21,650,783
Stocks of proprietary roads, Ac
21,244,650
Bonds, incl. live in sink. fd. (See Supplem’t)
57,006,000
Bonds purchased.363,000
Dividends declared, not yet due
831.481
Sinking funds paid
1,117,000
Real estate, mortgages, Ac
482,766
Current bills, pav-rolls. &c
2,529,390
Uncollected coupons, old dividends, &c
63,786
Accr’d rentals of l’s’d rds. in la., not
yet duo
272,232
General consolidated bonds unsold
530,000
Band income
303,046
Accrued interest, not yet due
675,430
Miscellaneous
17,329
Balance income account
7,533.987
S.
O.
A.
J.
S.
Q.-F.
1881-82.
1,117,000
Total
S.
X.
F. A A.
J. A J.
GENERAL BALANCE AT CLOSE OF EACH
FISCAL YEAR.
Chicago & Northwestern—road
J. New
D.
D.
J.
N.
D.
0.
S.
....
1*U
11,257,000
1880
1,000
100
3 00
1.000
A
A
A
A
A
A
A
A
A
A
M. A
A. A
F. A
I. A
M. A
6 g.
1,400,000
1831
g.
7
218,000
747,000
100 Ac.
g.
6
6
5 A 6
7
6
6
1,000,000
(?)
41.960,000
12,500,000
5,000,000
2,815,000
1.483,000
1377
1369
1856
I860
1854
1865
1877
1877
J.
J.
J.
J.
M.
J.
A.
M.
M.
M.
g.
g.
The
report of the Land Commissioner says that the sales
by warranty
or contracts to
convey by
The consideration, paid warranty m 1881-2 amounted to 64,078
or secured, was $617,934, the
average
price being a little more than $9 64 per acre., The bills receivable have
increased from $1,535,621 to $1,590,634
during the year. The amount
received for interest lias been $105,973. The land
office has remitted dur¬
ing the year to the Treasurer of the company at New York the
sum of
$650,000 from its net receipts. The unsold lands of the
comprise only about 61,795 acres; but it will receive somecompany now
trifling addi¬
tions, and mav lose a few pieces, under decisions of tlie courts.
(Y. 32,
p. 44,265. 367,437,551,577,684; V.
33, p. 13, 357; V. 34, p. 574,
663; Y. 35, p. 20.)
deeds
acres.
Chicago Pekin d Southwestern—July 1,1801, operated from
Pekin,
Bridge, Ill.. 91 miles, of which 6 miles leased. CharteredIll.
in
1859 and opened in 1876.
Receiver appointed in June, 1877. Sold
under foreclosure of second
mortgage May 31, 1881, and to be reorgan¬
ized. For 21 months
Chicago
ending May 31,1881, gross earnings were $654,- Orleans, St. Louis d New Orleans.—Dec. 31, 1881, owned from New
La., to Cairo, Ill., 549 miles; branch: Kosciusko Junction,
098; net, $193,340. In February, 1882, A, H. Crocker was
Miss.,
appointed to Kosciusko, Miss., 18 miles; leased, 5
Receiver. (V. 32, p. 312, 526,612,658,
miles; total operated, 572miles—
685; V. 33, p. 124,328,587; 549 miles steel rails. This
V. 34. p. 264.)
company was formed Nov. 8,1877, by the
consolidation of tlie New Orleans Jackson A
Great Northern and the
Chicago Portage d Superior.—This road is projected from
Chicago to Central Mississippi. Tlie N. O. J. A G. N. road had been sold in fore¬
Superior, about 407 miles, with a land grant in \Visconsin under
closure March 17,1877, and the
chapter
Mississippi Central was sold August 23,
126 of the laws of 1874.
The total amount of the
mortgage is $10,200,- 1877. This company was controlled by the Illinois Central, which holds
O00. In January, 1882, a control of the
stock was sold to
Chicago St. $6,670,000 of the stock, and on June 13, 1882, a lease for 400 years
Paul & Minneapolis or Chicago Rock
Island & Pacific parties.
See from July 1, 1882, was made to tlie Illinois Central,
references. Wm. H. Schofield,
President, New York. (V. 32, p. 636; V. of 4 percent per annum ou the stock and interest on with a guarantee
the debt; also an
33, p. 467; Y. 34, p, 114, 145, 203, 548.)
agreement to give Illinois Central 4 per cent perpetual annuities for
tile stock if tendered within a reasonable time.
Chicago Pock Island d Pacific.—March 31, 1882, owned from
(V. 34, p. 637.)
Chicago The stock was
$10,000,000.
Of the first mortgage bonds, $541,000 are a prior lien on that portion of the
road in Tennessee.
The
Chicago St. Louis A New Orleans 2d mortgage bonds are incomes until
to Mazon
Winterset, 48 1; Menlo
Guthrie Centre, 14-6; Atlantic to
Audubon,
25*5; Atlantic to Griswold. 14'6; Avoca to Harlan, 12; Avoca to
Carson, 17-5; Mt. Zion to Keosauqua, 4*5.
Leased: Cameron, Mo., to Kan¬
sas City, 54; Bureau Junction
to Peoria, 47 miles; Keokuk to Des
Moines, 162. Total operated, 1,381 miles. This
company includes the
former Mississippi & Missouri Railroad of
Iowa, which was foreclosed
under mortgage m 1866. The Illinois and Iowa
roads were consolidated
August 22,1866, under the present title, and the main line was
extended
to Council Bluffs
Junf, 1869. The Iowa Southern A Missouri Northern
was formerly the Chicago &
Southwestern, and was foreclosed and pur¬
chased by this company, and consolidated
June, 1880. The present
Chic. R. I. & Pacilic was a consolidation
June 4, 1880, with $50,000,000
stock authorized, and a
scrip dividend of 100 per cent to the holders of
Chic. R. I. A P. stock. The fiscal
year ends March 31, and the annual
report for 1881-2 was in V. 35, p. 20. As compared with the
previous
year, the movement of passengers one mile increased 22 53
per cent.
The gross earnings from
passenger transportation' increased 14-13
to
per
cent, The average tonnage movement increased 6-13
percent. The
rate per ton per mile increased from 1-22
cents to 1 -28 cents. The,
gross
earnings from freight transportation increased 11-47
per cent. The
mileage, earnings, Ac., have been as follows for five years past
i oro r'n
t onc% or*
i qgj/* gi
1S78-79.
1879-80.
1880-81.
1881-52.
Miles owned A oper..
1,231
1,311
1,353
1,381
Earnings—
$
9
$
.9
Passenger
1,868,028
2,318,452
2,500,135
2,853,331
Freight
0,929,926
8,035,165
8,690,480
9,687,097
Mail,express,r’nts, Ac
611,879
708,045
766,292
726,215
Total grossearn’gs.
Operating cxx>euses.
Net earnings
P.c. of op. ex. to
earn.
9,409,833
5,079,870
11,061,662
5,796,541
11,950,907
0,030,156
13,266,643
7,322,862
$4,329,963
$5,265,121
$5,326,751
$5,943,781
53-99
*40
55*20
55*45
December, 1882; from then they begin to draw interest at 6
percent.
Tlie consol. 5 per cent
mortgage bonds of 1951 are to be issued only
for redemption of prior
bonds, and their issue does not increase
the debt, which is limited to
$18,000,000. In 1880 gross earnings
were $3,716,902;
in 1881 gross were $4,059,151. Net
earnings not
reported. (V. 33, p. 46, 73, 153; V. 34, p. 264, 715; V.
35, p. 401, 637.)
Chicago St. Paul Minn,
Omaha—The mileage Dec. 31, 1881, was
St. Paul, 198; River Falls
Branch, 12; Mcnowinie Branch, 3;. Stillwater
Branch, 4 miles; South
Stillwater Branch, 4 miles; Eau Claire
Branch, 3 miles; Ncilsville
Branch, 14 miles. Northern Division—North Wisconsin Junction to
Cable, 120. St. Pant Division—St. Paul to St.
Janies, 122; Lake Crys¬
tal to Elmore, 44.
Sioux City Division—St. James to Sioux
City, 148;
Sioux Falls Branch, 98; Black llills
Branch, 44; Rock Rivfcr Branch,
28. Nebraska Division—Covington to
Omaba, 126; Niobrara Branch,
16; Missouri River transfer, 2 miles; Norfolk Branch to
Wayne, 18
miles. Total 1,003 miles.
This was a consolidation
July, 1880, of
the Chicago St. Paul A
Minneapolis (formerly West Wisconsin), the
North Wisconsin, and the St. Paul A Sioux
City. See statement in Y.
as
follows:
Eastern
d
Division—Elroy to
30, p. 675.
The Chic. St. Paul A.Minneapolis 1st mortis a
2d on the lands; the
land mort. a 2d on road; but no foreclosure can
be In id except by de¬
fault on 1st mort. The North Wisconsin was in
progress from Lake St.
Croix to Bayfield, Wis., 165 miles. The St.
Paul A Sioux City was a
consolidation in August, 1879, of the St. Paul A
Sioux City and tlie
Sioux City A St. Paul, forming a main line from
St. Paul to Sioux City,
270 miles. The St. Paul Stillwater A
Taylor’s Falls was consolidated
with this company; also the
Worthington Sioux Falls A Iowa and Cov¬
ington A Black Hills.'
Preferred stock lias a prior right to
non-cumulative dividend of 7 per
cent from net earnings; but common is
never to receive more than is
paid ou preferred.
Report for 1881 in CHRONICLE, V. 31, p. 486.
follows:
Earning3, Ac,,
were as
M
RAILROAD
1882.]
December,
Subscribers
Miles
jTT^rolanation of column headings,
Forexpi
on flrst page of tal)les.
&c., see notes
SI Paul MhVpolis £ Omaha—(Continued)—
North’Wisconsin, 1st mortgage
Rf°P ASiouxCity,mort.,gold,for $7,000,000....
Ht Paul Stillwater & Taylors’ Falls, 1st mort
Hudson & River Falls. 1st mort
nHeaao£ West. Indiana—1st mortgage
fiSral mortgage, gold (for $10,000,000)
nhicaao £ Tfert Mich iff an—Stock, new
lstmortgagc, New Buff, to St Jo...
Or Ran. Newaygo & Lake Sli., 1st mort. coup
of
of
($12,000 per mile)
Georgetown £ Portsmouth.—1st mort
Cincinnati Hamilton £
Dayton
120
605
23
12
23
Preferred stock for $1,(100,000
2a mort. (now 1st)
Consol, mort. ($996,000 are 7s), sink, fund 1 p. e
Cin. Ham. A l. (Junction) RR., 1st mort., guar
'Cincinnati Indiana)). St. Louis £ Chicago—Stock..
Ind. & Cin. of 1353, 1st mort
Indianapolis Cin. A Laf. mortgage
Cin. A Ind., 1st mortgage
do
2d M., guar., and funded coupons—
1st mort., Cin. Ind. St. L. & Ciiic. (for $7,500,000)
Cincinnati Lafayette A Chicago, 1st mort., gold ..
Cincinnati £ Muskingum Valley— 1st mortgage —
Cincinnati Few Orleans £ Texas Pacific—Stock
Cincinnati Northern.—1st, gold, mortgage
Cin. Richmond £ Okie— 1st mort., guar. C. H. AD..
2d mortgage, guar, and owned by C. IL & D
Cin. Richmond £ Ft. W — 1st mort., gold, guar
Cincinnati Sandusky £ Cleveland—Stock
Preferred stock
Mortgage bonds, Sandusky, Dayton & Cincinnati
Mortgage bonds, Sandusky City A Ind
2dmort’g. Cine.. Sandusky A. Cleve
or
par
367
....
35
46
35
60
60
60
60
98
342
90
151
20
20
194
56
1878
....
1879
....
1882
Rate per
Cent.
8
6
« g.
480.000
576,000
2*2
1,000
2,001,000
1,000
100
140,000
8
8
7
5
6
3.500,000
2
1.6 oo
100,000
494,000
30.500
.
.
....
148
50
1880
36
36
90
190
190
3
7
6 A 7
7
2,450,000
1,800,0(H)
8,000,000
1,600,000
2,790,000
499,000
1,330,000
1,188,000
1,120,000
1,500.000
1,000
1,000
100
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
1
7
7
7
7
6
7 g.
7
3,000,000
1,000.000
1866
1869
1871
1.000
50
1.800,000
4,005,750
50
428.850
o s•
7
7
7 g.
2 A 10s.
3
6
7
7
....
1852
1867
•
•
560,000
65,000
666,000
350,000
m-m
....
1,072,300
....
•
April 1, 1919
Jan. 1, 1903July 1, 1903
Nov. 1. 1909
Nov. 1, 1931
Feb. 15, 1882
Sent. 1889
Boston.
S. Boat.. Treavsurersoffice.
N. Y. Union Trust Co.
J.
July 1, 1891
June 1,1905
do
do
D.
1921
D.
0. Cincin’ti,German N. Bk. April 1. 1901
O. N. Y., Winslow, L. A Co.
Get., 1S80
A.
M.
N.
Nov, 1, 1882.
do
do
J.
J.
July 20, 1885
do
do
A.
0.
Oct., 1905
do
do
Jan., 1903
J.
J.
Oct. 15, 1832
New York.
Q.-J.
A. A O. N. Y., Amer. Ex. Bank.
April, 1883
do
do
Feb., 1897
F. A A.
do
do
Dec., 1892
J. A D.
do
do
Jan., 1387 .’92
J. A J
do
do
M. A N.
May 1, 1920
Mch., 1901
M. A S. N. Y., Am. Es ch. N. Bk.
J. A J. New York, Moran Bros.
Jan., 1901
....
M.
J.
J.
J.
A.
1
1,000
1,000
1,000
1866
Flower A Co. Jan. 1, 1930
do
do
A. A O.
do
do
J. A J.
do
do
J. A J.
M. A N. N. Y„ Drexel, M. A Co.
M. A N.
New York Agency.
1.000
500 Ac.
1865
1375
1873
Whom.
A J. N.Y., R. P.
•
Stocks—Last
Dividend.
Payable and by
J.
1,000
1381
Where
6 g.
7
3,300,000
6,796,800
....
1869
1871
1875
1881
When
Pay’ble
6
1,000
1S5S
1867
1362
1867
1880
1871
1870
A
A
A
A
A
A
A
A
A
A
Jan., 1882
Oct. 1, 1920
....
A. A 0. N. Y., Geo. W. Ballou.
J. A J. N. Y., WinslowT, L. A Co.
do
do
J. A J.
J. A D. N. Y., Winslow, L. A Co.
do
Jul3r, 1895
1, 1889
June, 1921
Dec. 1, 1882.
Nov. 1, 1882
Aug. 1, 1900
Sept. 1, 1897
Nat.Bk.
Dec.
Boston, Office.
M.
F.
M.
J.
do
A N.
do
A A.
do
A S.
A D. Boston, Second
do
do
Jan.
1, 1890
miles; Harrison branch (partly owned), 7 miles; Fairland F. & M.
Road, 38 miles; and Cincinnati Lafayette & Chicago (leased), 75 miles ;
Vernon Green. & Rush., 44 miles (leased); Kankakee A Seneca (oneliaif owned), 42 miles; total operated, 382 miles.
Formerly the
Indianapolis Cincinnati A Lafayette, which was a consolidation in
1876 of the Indianapolis & Cincinnati and the Lafayette & Indianap¬
olis railroads, the company taking a perpetual lease of the Cincinnati
A Indiana Railroad. On August 1, 1876, a receiver was appointed
and the road w*as sold in foreclosure Feb. 2. 1830, and this company
organized. Of the $7,500,000 new bonds $6,885,000 was reserved, into
which all of the old bonds prior to the Indianapolis Cin. A Laf. 7s of
1869 could be exchanged at par. In July, 1881, $2,000,000 new stock
was sold to stockholders at 70, and proceeds used to extinguish floating
debt ($1,060,000); also, $300,000 contributed towards a new" line to
Seneca and balance used for other purposes. In June, 1S82, another
2
1881.
$944,329
Passenger
2,913,521
Freight.
164,111
Mail, express, Ac
$1,021,961
earnings
2,776,462
Operating expenses
$1,245,499
69-03
Net earnings
operating expenses to earnings
INCOME ACCOUNT.
Ttprp i ni ?—
Net earnings
Net from land
Bonds—Princi
pal,When Due.
125.000
4,000,000
....
EARNINGS AND EXPENSES.
Per cent of
XXV
$800,000
6,0So,000
334,800
1,000
Earnings—
Total gross
Outstanding
$1,000
1879
1878
....
-
Amount
Value.
*1880
....
Stock..............
Size,
Road. Bonds
2d M. on 35 m. A 1st on 11 in., coup
General mortgage
Chi.
BONDS.
INTEREST OR DIVIDENDS.
Date
Tihit
do
AND
will confer a great favor by giving Immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
’
STOCKS
$1,245,499
504,144
78.585
grants
Other receipts
$1,328,228
Total income
Disbursements—
Rentals paid
Interest on debt
Dividends on pref. stock
Total disbursements
Balance surplus
-(V. 33, p. 99, 225, 357, 441, 526, 580; JY. 34. p.
548, 549, 663 ; V. 35, p. 213, 265, 297, 372, 601, 737.)
$53,059
893,536
(7) 672.737
$1,619,332
208.896
315, 344, 486.
Chicago £ TVest. Indiana—Owus from Dolton, Ill., to Chicago, with
branches, 48 miles. Opened May, 1880, and leases road for right of
way into Chicago to the Wabash, the Grand Trunk of Canada, the Chi¬
cago & Eastern Illinois, the Chic. A Atlantic and Louisville New Albany
A Chicago roads. Stock was $500,000, but in February, 1882, a consoli¬
dation was made with stock of $5,000,000 and bonds limited to
$10,000,000; the general mortgage bonds arc liable to be redeemed
aftor 1885 at 105 by a siukiug fund.
(V. 34, p. 176. 291; V. 35, p. 456.)
Chicago £ West Michigan.—Dee. 31, 1881, owned from New Buffalo
Michigan, to Pentwater, Mich., 170 miles; branches—Holland Junction
INCOME ACCOUNT.
1830-SI.
$
1881-82.
Receipts—
Gross earnings....
Net earnings
2,365,058
961,490
Disbursements—
Rentals paid
Interest on bonds.
Dividends
Rate of dividends.
565,909
180,000
$
2,525,991
1,000,609
$
6,732
591,320
360,000
d^P- c.
6 p. c.
752,803
958,053
$
6,894
Total disbursements..
42.55 1
203.6S7
Balance, surplus
—(V. 33, p. 153, 468, 501, 502, 588; V. 34. p. 231, 373, 603, 687, 714
346; V. 35, p. 515.)
Cincinnati £ Muskingum Valley.—Dee. 31, 1881, owned from Morrow,
0.,to Dresden Junction, O., 148 miles. Chartered as Cinn. Wilm. AZanes.
opened in 1857. Sold under foreclosure Oet. 17, 1863, ami
as Cincinnati Sc Zanesville March 11, 1364.
Sold again
Dec. 10,1869, and reorganized as at present. Leased for 99 years from
to Allegan, 23 miles; Holland to White Cloud, 70 miles; Fruitport to Jan. 1,1873, to F. C. A St. Louis, lessees to pay all expenses and inter¬
Muskegon, 10 miles; Kirk’s June, to Pickand’s June., 3 miles; Mus¬ est, any excess of earnings to inure to the lessors. • Gross earnings in
kegon to Bluffton, 4 miles; AYoodvillo to Muskegon Run, 17 miles; 1881, $395,321; net earnings, $20,275; interest paid. $105,000; deficit;
Mears to Hart, 3 miles; B. R. Junction to Big Rapids, 51 miles; total advanced by lessee, $34,725^ Capital stock, $3,997,320. (V. 32, p. 498.)
owned, 354 miles; leased—White River June, to Crooked Lake, 13 miles;
Cincinnati New Orleans £ Texas Pacific—This is the company organ¬
total operated, 367 miles.
Organized as successors of Chicago A ized to operate the Cincinnati Southern under the Erlanger Syndicate,
Michigan Lake Shore Jan. 1, 1879, the C. A M. L. S. having been sold in and 51 per cent of the stock is held by the English company, the Ala.
foreclosure Nov. 16, 1878. Consolidated In Sept., 1881, with the Grand N. O. Sc Texas Pacific Junction Co., Limited. The rental due the Cin.
Haven road, 57 miles, Muskegon to Allegan, and the Graud Rap. Noway
Southern is $S12,000 per year till 1S86, then $912,000 till 1S91,
go A Lake Shore, 46 miles, from Grand Rapids to White Cloud. Earn- $1,012,000 till 1896, $1,102,000 till 1901, and $1,262,000 till 1906.
Gross earnings for lSSl, $2,344,638; net, $242,259.
For first six
in 1851 anti
reorganized
earnings were $1,184,133; net. $363,740. Tlieo*
(V. 33, p. 328, 463; V. 34, p. 79, 479. 521.)
—Dayton. O., to Cincinnati, 60 miles. Connect¬
months of 1882 gross
Cook, President.
Portsmouth.—Owns from Columbia, O., to
Narrow gauge and bonded at $6,000 per
mile; bouds offered in 1881 in Boston. Stock, $240,000. Earnings in
1881-82, $30,651; surplus over interest, $5,882.
Cincinnali Georgetown £
Hamersville, O., 35 miles.
Cincinnati Hamilton £ Dayton.—March 31, 1881, owned from Cin¬
cinnati, O., to Dayton, O., 60 miles; leased—Dayton <fc Michigan, Day-
ton to Toledo, 141 miles;
Cincinnati Hamilton A Ind., Hamilton to
Indianapolis, 123 miles; Cincinnati Richmond A Chicago, Hamilton, O.,
to Indiana State line (and leased road), 42 miles; total operated, 366
miles; each lease reported separately. In May, 18S1, it was agreed
with Clev. Col. Cin. & Ind. company to consolidate, but consolidation
was not effected.
In April, 1882, Mr. Jewett, of the Erie, together
with the N. Y. Chicago & St. Louis Co., obtained control of the stock by
guaranteeing 6 per eeut on 20,000 shares which were purchased and de¬
posited in trust and trust certitieatcs issued therefor; the guarantee is
to make up any deficiency in 6 per cent dividends on those shares after
the application of net earnings thereto. In August, 1882, the issue of
$1,000,000 preferred stock was voted for improvements.
Annual
report for 1881-82 in V. 34, p. 685.
Earnings for four years wero
follows, includiug all the roads operated:
„
Gross earnings
Operating
Taxes, Ac
expenses
1879-80.
$2,578,816
$1,610,167
as
1880-81.
1881-82.
$2,882,300
$2,961,446
$2,031,664
$1,895,300
B. A M. dividends
14,500
Sundries, profit and loss
Other items
$2,277,337
83,002
539,516
132,164
3,318
10,036
$2,705,751
$2,799,750
$176,554
Interest
82,599
452,649
131,921
$161,696
80,022
579,315
132,902
3,710
126,000
Balance
$176,554
$161,696
$175,473
—(V. 33, p. 100, 281, 463. 502. 623 ; V. 34, p. 115, 176, 205, 291, 316,
460, 475, 488, 521, 519, 603, 68 5, 687; V. 35, p. 102. 211, 235, 297.)
Cincinnati Indianapolis St. Louis £ Chicago.— June 30, 1S82, owned
from Cincinnati to Lafayette., Ind., 174 miles; Lawrenceburg branch,
Cincinnati Northern
ing line of the Toledo Delphos & Burlington. There are also $1,000,000
of income bonds, and an authorized issue of $1,090,000 mortgage bondson the Avondale branch.
Stock, $1,000,000. (V. 32, p. 6.)
Cincinnati Richmond £ Chicago.—March 31, 1881, owned from
Hamilton, O., to Indiana State Line, 36 miles; leased, Richmond,
Ind., to Ohio State Lino, 6 miles; total operated. 42 miles.
Char¬
tered as Eaton A Hamilton in 1847 and opened in 1863. Reorganized
from February, I860, to C. H. Sc
expenses and bond interest.
$35,989; interest liability,
$43,120; deficit, $7,131. Capital stock, $332,600; funded debt, $625,May 3, 1866, and leased in perpetuity
D. Co., the lessors to receive all surplus after
Gross Gainings in 1880-31, $224,649; net.
000; total (cost of property), $1,007,600.
Cincinnati Richmond £ Fort Wayne.—Dec.
31,1881, owned from Ricli
mond, Ind., to Adams, Ind., 86 miles; leased, 8 miles of Pittsburg
Fort Wayne Sc Chic.; total operated, 91 miles.
Chartered in 1853 ana
opened in 1866. Leased for 99 years to Grand Rapids & Indiana; in¬
Pennsylvania Company
earnings
$29,318. Capital
(V. 32, p.
499.)
Cincinnati Sandusky £ Cleveland.—Juno 30,1881, owned from San¬
dusky, O., to Dayton, b., 154 miles; branch, Carey to Findlay, 16 miles;
leased, Columbus Springfield Sc Cincinnati, 44 miles; total operated, 214
terest is guaranteed by the lessees aud by the
and Cincinnati Hamilton Sc Dayton Company, jointly. Gross
in 1881, $407,302; net, $132,017. Loss to guarantors,
stock, $1,709,192. Total advances by guarantors, $630,062.
miles, less the division between Springfield Sc Dayton,
2 4 miles, which is
leased to and operated by the Cleveland Columbus Cincinnati & Indian¬
apolis. Six coupons on 2d mort. bonds w’ero funded from June,
and $222,064 in coupon bond scrip is outstanding. The preferred stock
lias a lien by deposit of old bonds in trust.
Tho Receiver, after a
three years’ possession of the property, w as discharged January
In April, 1881, a lease was made to the Indiana Bloomington & Western.
1877,
1880.
Bj" the terms of the lease this company takes 33*3 per cent ot‘ its gross
earnings as rental; but the amount in any one year shall not be less
than $220,000 nor more than $500,000. In Nov., 1882, a dividend
of 2 per cent easli and 10 per cent in the stock of the Columbus Spring-
field Sc Cincinnati Railroad was declared.
Gross earnings prior to
1881 were as follows: 1876-77, $655,421: 1877-78, $647,202; 137879. $655,300; 1879-80, $735,576. For 1880-81 the income account
was as follows:
XXVI
.RAILROAD STOCKS AND
Subscribers will confer
a
BONDS.
great flavor by giving: immediate notice of
any error discovered in these
DESCRIPTION.
Miles Date Size, or
For explanation ot column
headings, Ac., see notes
of
of
Par
on first
page of tables.
Road. Bonds Value.
Cincinnati £ Springfield—1st
mortgage, guar
2d mortgage
Cincinnati Wabash £ Michigan— Stock
Cleveland Akron £ t'o'umbus—Stock ($3,000,000)
Cleveland Canton Cosh. £ S
1st mort., gold
Cleveland Columbus Cincinnati £ Iud.—Stock.
1st mortgage (C. C. A C. RR.)
$25,000 a year..
80
48
111
156
...
..
—
1871
1872
100
100 Ac.
100
500
1880
mortgage.
Cleveland £ Marietta.—Stock
Cleveland £ Pittsburg—Guaranteed stock.
4th mortgage (now 1st)
'Consolidated sinking fund mort. for $5,000,000..
Construction and equipment bonds.
Clevt. Tuscans Val.dc
Wheeling—IstM., (L.S.AT.V.)
1st mortgage, new, prior lien.
6'
2d mortgage, new
E. A B., 1st mortgage
Pittsburg—1st mort., gold
Oolebrookdale—1st mortgage
Colorado Central— 1st mortgage, new.
Columbia £ Greenville—New
mort.,g’ld,coup, or reg
2d mortgage
Columbia £ Port Deposit—1st
mortgage.
Columbus Chicago £ Indiana Cent) at—Stock.
1st M. (consol.) Columbus. Chic. A Iud.
Central...
do
Chic. A G’t East. (Cliie. to
Logansport).
do
Col. A Ind’polis Cent. (Col. to
Ind’s, Ind.)..
do
Union A Logansp’t (U’n City to
Logansp’t)
do
Tol. Logansp’t A
Burl.(Logansp. to Ill. line)
u i
iY
•
•
1860
1864
1869
1874
^
75,000
1,000
1,000
1,000
380,000
3,000,000
2,953.000
50
500 &c.
500 Ac.
500 Ao.
1873
1876
1870
•
800,000
14,991,800
2,759,200
•
1862
1867
1873
1871
1878
500
•
•
•
18
323
164
164
40
580
588
117
208
93
months
Rental C.C.C.AL, 10 mos
Rental I. B. A W.. 2 mos..
Sale of supplies, Sloane
.
property, Ac
$649,114
81,097
36,666
1,593.000
100 AC.
1,000
1.000
1,000
1868
1,000
1868
1,000
100
.
180.000
10,000 p. 111.
600,000
4,701,000
2,000,000
1,000,000
1,862,000
13,938,972
10,478.000
224,000
2,632,000
715,000
....
1864
1665
....
61
510,500
....
98,604
Total
Expenses of operating.... $470,486
$865,4S2
10,181
25,731
66,666
133
P
:=
'
»
■
;>■
by L. Shore A Mich. Southern.
$755,105
■
The C. C. C. A I. advanced
Stock is
Interest
by the lessees and one-lialf
$1,100,000. To January, 1882,
$1,721,7o2.
Cincinnati Wabash £ Michigan.—Dec.
31, 1881, owned from Goshen,
Ind., to Anderson, Ind., Ill miles. Road, as now
existing, opened in
Nov., 1876. Transferred to trustees Jan.
1, 1878. and sold Nov. 5, 1879,
to said trustees, for account of
bondholders. New company organized
April, 1880, under name of Cincinnati Wabash &
Michigan Rail way.
Total stock authorized. $3,000,600.
In August,
1882, consolidated
with the Elkhart Niles A Lake
Michigan road, to be 165 miles in all.
Earnings for 1881, $240,639; net, $63,886. (V. 32, p.
525; V. 34, p.
575; V. 35, p. 182, 291, 404, 487.)
Cleveland Akron £ Columbus.— Dec.
31,1881, owned from Hudson, O.,
to Columbus, O., 144
miles; leased, Massillon to Clinton, 12 miles: total
operated, 156 miles. Operated by
Pennsylvania Company. Default
was made July, 1874,
by Clev. Mt. V. A Del.
June, 1880, and Mr. G. A. Jones, of Mt. Vernon. Foreclosure suit begun
O., appointed Receiver
in 8ept.. 1880. Sold in
foreclosure August 20, 1881, to H. W.
Southern,
far $1,142,000. and new
company under above name took possession
Dec. 1, 1881. Roa<l has no bonded debt. In
foreclosure under which sale had been made March, 1882, the decree of
was reversed, and road was
sold again June 7 for $1,150,000.
(V. 33, p. 124, 225, 468, 588,
715; V.
34, p. 408, 488, 574, 663.)
Cleveland Canton Coshocton £
Straitsvillc.—Thia road is owned in the
Connotton Valley. In Mav,
1881, an increase of stock
1
interest of the
from $800,000 to $2,000,000 was
voted.
Cleveland Columbus Cincinnati £
Stocks-Last
Dividend.
N. Y., U. S. Trust Co.
do
do
J.
F.
J.
J.
M.
J.
M.
F.
M.
J.
& J.
A A.
A D.
& J.
A N.
A
A
A
A
A
D.
N.
A.
8.
J.
New York.
N. Y..U. 8. Trust Co.
do
do
do
do
do
do
New York or Loudon.
*
Cleveland, Office.
Y., Ward, C. A Co.
N.
N,
Y., Union Trust Co.
7
7
7
6 g6
7 g.
6 g.
6
7
J.
>1.
J.
A.
A.
N. Y., Farm. L. A T. Co.
do
do
do
do
do
do
A J.
A N.
A J.
A O.
Cleveland, Ohio.
A O.
J. A J.
M. A N.
J. A J. N. Y., Central Trust Co.
J. A D.
Phila., Co.’s Oflice.
J. A J. Boston, Treas.’s Office.
J. A J.
Columbia,S. C.
A. A O.
do
do
F. A A.
Phila., Fenn. RR.
-
.
7
7
7
7
7
A. A 0.
Various N.Y.. St, Nioh. Nat. Bk.
J. A J.
A. A O.
F. A A.
do
do
do
do
J«;y‘iVi9io
Feb. 1,
June,’82
1881
to >84
Until 1899
May, 1890
Juue 1,1914
(?)
A
Aug. l, i893
Sept. 15,1898
Jan-, 1890
Deo.
i,“i882
Jan., 1892
?ov. 1,
1900
?ct. 1,
April 1,
1898
Jan- 1, 1913
Oct. 1, 1901
1907
May 1, 1892
Jnly 1, 1921
June 1, 1898
Jnly, 1909
Jan.
l, i9i6
April 1, 1926
f'eb. 1, 1893
April,’1908
1893 &’95
Nov., 1904
Dec., 1905
do
do
Feb., 1884
Cleveland £ Marietta.—June 30, 1881, operated
from Marietta, 0., to
Canal Dover and branch, 99 miles.
This company was
organized a#
successor of the Marietta Cleve. A
Pitts., which was foreclosed June 13,
1877. Earnings for 1881-82,
$208,585 ; net, $79,b56. (V. 34, p. 52.)
Cleveland £ Pitlsb —Dee. 31,1881, owned from
Cleveland, G.,to Roch¬
ester, O., 124 miles; branches—Bayard, O.. to New
Philadelphia, 31
Bal., dec. of floating debt.$110,376
(V. 32, p. 15, 334, 420; V. 34, p. 264, 485. 601.)
apply any excess over rentals to C. A 8. stock.
is guaranteed on the first
mortgage, one-half
pal,When Duo
1851. It was leased to Atlantic & Great
Westorn in
perpetuity from
October 1,1861. A new lease was made to the
reorganized company
New York Pennsylvania A
Ohio, till Oct. 1, 1962, at $357,180
per
year till January, 1886, and $412,000
per year afterward.
(V. 32 '
p. 333.)
181,906
Cincinnati £ Springfield.—Dec.
31,1881, operated from Dayton, 0.,
to Cincinnati. O., 80 miles, of which 24
miles were leased from Cincin¬
nati Pan. A Clev. RR. The whole is leased
and
operated by Clev. Col. Cin& Ind. Co., giving them a line into
Cincinnati, and depot accommoda.
tion. Lessees
,
i
Q.-M.
7
1,000
1879
1881
1881
Int. on bonds, scrip, Sec...
Sinking fund trustees
Dividends on pref. stock.
Rental C. 8. & C., 10 mos.
Settlement of claims
i%
2,000,000
700,000
Bonds-pjfc
bv
....
1,000
1,000
i
Gross earnings of road, 10
7 g7
7
1,000
1881
1868
-
3*2
6
7
7
1872
.
7 g.
5
7
7
7
7 or 6 g.
1,096,000
2,561.000
1,372,000
Payable, and
Whom.
...
1,547,000
11,244,330
50
•
A. A O.
J. & J.
....
740,500
•
.
7
7
654.? 00
500,000
1877
...
Cleveland Youngstown £
:
m
•
Rate per When Where
Cent.
Payable
651,000
1.920,598
4,000,000
....
Tables.
INTEREST OR DIVIDENDS.
$2,000,000
1,000
....
«
Amount
Outstanding
$1,000
701898781
#
473
138
202
390
390
127
67
67
35
99
226
199
199
do
Bel. A Ind
do
C. C., C. A I. sinking fund
Cons. M. for $7,500,000 (sink, fund 1
p. c.)
Cleveland £ Mahoning Valley—Stock
1st mortgage, extended.
3d mortg. (now 2d)
Niles & New Lisbon, 1st
,
[VOL. XXXV.
miles; Yellow Creek
to
Bellaire,43 miles; leased. Rochester
to
Pittsburg
(P. Ft. W. it C.), 26 miles; total operated, 226 miles. The
property was
leased for 999 years from Dee.
1, 1871. to Penn. RR. Co., and lease trails:
ferred to Penn. Co. May 1, 1872.
Rental, 7 per cent on existing capital
and $10,000 per year for
company expenses, the lessees assuming all lia¬
bilities. The terms of the lease were 10
per cent, but the old stock was
subsequently converted into 7 per cent by an increase in amount.
Operations and earnings for five years past wero as follows:
Years.
Miles.
226
226
226
226
226
Passenger
Mileage.
15,640,607
14,853,524
Freight (ton)
Gross
Net
Div.
Mileage.
Earnings. Earnings, p.c.
133,991,706 $2,330,834 $1,039,172 7
143,114,623
2,272,167
' 966,112
7
16,624,524
164,675,804
2,418,516
1,151,780 7
18,083,711
172,535,850
2,699,290
1,275,488 7
22,265,486
211,190,606
3,112,021
1,507,131 7
-Cleveland Tuscarawas Val. £
Wheel—Jan., 1881, owned from Black
River, O., to West Wheeling, O., 158 miles. Chartered as
Lake Shore &
Tus. Val. in 1870 and opened
in 1873. Sold under foreclosure Jan. 26,
1875, and reorganized under present title. In
Townsend was appointed Receiver in a suit of February, 1882, Oscar
the Union Trust Co. of
N. Y.t and iu Dec., 1882,
a decree of foreclosure was again made.
Gross earnings in 1880, $596,399;
net, $214,303.
In 1881, gross,
$919,485; net, $349,863. Capital stock, $1,210,500.
(V. (34, p. 231,
343; V. 35, p. 705.)
5
Cleveland Youngstown £ Pittsburg.—Narrow
gauge road in progress
from Alliance, O., to Brimtiold, about 100
miles, including branches,
and crossing several narrow
gauge roads.
Iu Dec., 1881, over 25 miles
completed. Henry W. Ford, President, 5 Cortlaudt
St., Now York,
(V. 35, p. 456.)
were
Colebrookedate.—'Sov. 30.1881, owned from Pottstown, Pa.,
Pa., 13 miles. Chartered in 1865 and .opened in 1869. Leased forto Barto,
20 years
Indianapolis.—Dec. 31, 1881, from Jan. 1,1870, toPliila. & Read., at 30 p. c. of gross earnings. In June,
owned from Cleveland, O., to
1880, default was made ou bonds. Gross
Columbus, O., 138 miles;
Indianapolis, Ind., 203 miles; Delaware, O., to Springfield,Gabon, O., to net earnings (30 per cent rental), $17,693.earnings in 1880-81, $58,977;
O., 50 miles;
Payments—interest, $36,000,
leased, Cincinnati A Springfield HR 80
miles; Levering Station to and other, $ 179. Capital stock, $297,215; funded debt, $600,000, and
Mount Gilead, 2 miles; total
operated, 473 miles. This was a consolida¬ floating debt, $40,610; total liabilities, $937,825. Construction ($51,446
tion in April, 1868, embracing the C.
C. A C. and the Bellefontaine rail¬ per mile), $608,797, and profit and loss,
$327,649.
roads. The
company paid dividends prior to 1877, but after that the
Columbia £ Greenville (S. 0.)—This is the
large decline in rates for through
reorganization of the Green¬
freight
reduced the company’s income so that no and the heavy rentals paid ville A Columbia road. The Company owns fronf< 'olumbia to Greenville.
further dividends were
8. G\, 143 miles; branches to Abbeville
until February, 1880.
paid
and Anderson, 21 miles; total, 164
In August, 1880, dividend
passed. A dividend miles. Also owns Laurens
of 5 per cent
February, 1*81, was made. In Sept., 1881, consolidation 32 miles, and Spartanburg RR., 31Amiles; and leases Blue Ridge RR.,
with Cincinnati Hamilton A
Union
Col. RR., 68 miles. Total operated,
Dayton vote 1 on, but not effected. See V. 296 miles. I11 1878 a Receiver took
33. p. 100. The sinking fund
possession
provision of consolidated bonds maybe foreclosure April 15, 1880, and reorganization an 1 the road was sold in
canceled at option of holders. Annual
was made, with bonds
report for 1881 in V. 34, p. 458. as above; and preferred stock, $1,000,090
•bowed the following;
; common stock, $1,000,000;
all in $100 shares. The gross earnings
from October 23, 1880, to Octo¬
1878.
1879.
ber 1, 1881, were $045,920;
1880.
1881.
net, $263,194. In 1881-82 gross earnings,
$
$
$
$60 ),136; net, $164,186. Six per cent paid on pref. stock,
$
Total gross earn’gs..
Dec., 188L
3,426,017
3,675 055
4,338,108
4,290,350 -(V. 33, p. 201, 468, 687; V. 35, p. 404, 449, 735.)
(V. 33. p. 468.)
,
Total net inrome
on
debt
847,899
1,086,410
1,587,294
1,441,692
420,087
Disbursements—
Interest
Taxes
INCOME ACCOUNT.
425,180
475,218
112,683
47,864
440,492
118,188
749,540
16,437
964,828
121,582
1,324.657
262,637
588,174
853,518
140,020
Dividends
374.770
Miscellaneous
66,429
Total disbursem’ts.
626,536
Balance, surplus
221,363
The prices of stock have been ;
1882.
1881Jan.... 84
78
97% - x88
Feb.... 82
75%
92% - 81
-
March.
80
77 *2 76
76
-
117,014
74
68
1882.
1881.
July...
92%
-
72%
Aug..
Sept...
89
-
78
.
268
96%94% 99% 98% -
89%
sr
90% - 85
85
80%
84%
April..
90% - 85
Oct.... 86% - 80%
89%
May
68% 101% - 87
Nov..
85%- 70%
96
90%
June
65 % 100% - 93
Dec..
93% - 82%
32. n. 63, 265. 4 » 8. 526.
552; V. 33, p. 73, 100, 281, 468, 502,
V. 34, p. 115, 176.
205, 264, 291,315. 378, 435, 448, 44 8, 521; V.
35. p. 235, 297,
.
.
..
-
.
-
.
320,658.)
Mahoning Valley. -Dec. 31, 1881, owned from
Cleveland,
O., to Sharon, Fa., 81 miles;
Niles, O., to New Lisbon, O., and branches,
46 tulles; total
operated, 127 miles.
Cleveland
£
Chartered in 1848 and opened in
Colorado Central.- Dec. 31,1881, owned from
Wyoming boundary line
Denver, 121 miles; and operated 9 mile* in Wyoming to Hazard Sta¬
tion, and Julesburg to La Salle, 151 miles; total standard
to
and operated, 281 miles; Golden
Forks of Creek to Central, 11
gauge
owned,
to Georgetown (n. g.) 36 miles, and
miles; total narrow-gauge, 47 miles; total
owned and operated, 328 miles.
Chartered In 1865, and main lino
opened in 1870. It is owned by the Union Pacific. The new mortgage
bond was issued to take up the old 8
per cent bonds, of which $87,000
are yet out.
Stock, $6,232,300. Gross earnings in 1881, $1,313,924;
net, $603,940.
Columbia £ Port Deposit.—Dec. 31,
1881, owned from Columbia, Pa., to
Port Deposit, Md., 40 miles. Leased to and
operated by Pennsylvania
Hit. Co.
Rental, net earnings. Net earnings In 1880, paid to lessors,
$20,675; in 1881, $39,777.
Capital stock, $497,160; funded debt,
$1,882,000, and floating debt, $521,780; total liabilities, $2,900,878.
Cost
of
property, $1,733,393.
Columbus Chic. £ Ind. Cent.—Dec.
31,1881, owned from Columbus, O.,
to Indianapolis, Ind., 187
miles; branches—Bradford Junction, O., to
Chicago, IlL, 231 miles; Richmond, Ind.,to Anoka Junction, Ind., 102
miles; Peoria Junction, Ind., to Ill. State Line, 60 miles; total operated,
580 miles. This company was formed Fob.
12,1868, by consolidation 01
the Col. & Ind. Cen. and Chio. A Gt. East,
railroad companies, and ww
leased to the Pitts. Cin. Ac St. Louis
Railway Co. Feb. 1. 1869, by which
company it lias been operated, under direction of the U. S. Clrouil
Court, ror account of receivers of the Col. Ohio. A Ind. C. Railway
KAILROAD
1883. J
DfiCEHB®®*
Subscriber* will
Miles
.^^lanation of oolumn headings, Ac., see notes
of
first page of tables.
Road.
Tu^hux Chicago d Indiana Cent.—(Continued)—
Col & lad. oom.,lstA2d pf.(Col. to U’n City)
l9LM’ cbm. A Chic. Air Line(Richm’d to Logans.)
union uiry)
rtfir Col. A Ind’polis uent. (uov. to Union City)..
fir col
Cent. (Cov.
2ddo Chic. A G’t East, construe. (Chic, to Ricn’d)
do Columbus, Chicago A Ind. Central
102
107
208
224
537
on
Col. Chic. & Ind. Central
(Toledo, Logansport &
Tnoome
TTniori Trust
Burlington)
%SoL mortgage,
gold (for $14,500,000)
Vgt mortgage, sinking fund bonds
2d mortgage bonds
—
Toledo, 1st mortgage coupon, s. f—
2d mortgage coupon, s. f
Ohio & W. Va., 1st M. (s. f. $15,000 begins in ’86)
ti%umbu8 Springfield & Cincinnati—1st mort
rvdimibuB A
^
do
d Western—1st
Xenia Stock
Columbus <&
1st
mort. (end. by Cent. Ga.)
mortgage
Concord—S toe k
Concord <6 Claremont— Bonds
1879-0.
•
r
•
•
....
Co. certificates
Jjutnbus Hocking Valley <t Toledo—Stock...
Columbus
BONDS
AND
xxvn
confer a great favor by giving immediate notice of any error discovered in tbe«e Tables.
description.
£°r exp
STOCKS
Portsmouth,—Stock, guaranteed
Connecticut Central— 1st m. for $400,000, cp. orreg.
Connecticut & Passumpsio—Stock
Mortgage bonds
Massawippi st’k, guar, same div. as Conn. A Pass.
Concord <6
do
bonds, guar, by Conn. A Pass
Newport A Riehford bonds, guar, by C. & P
Connecticut Hirer—Stock
Connecting (Phila.)—1st mortgage
322
322
121
121
118
118
83
45
60
55
55
142
71
41
29
147
110
38
38
22
80
Cumberland <£• Pennsylvania—1st mortgage
2d mortgage, sinking fund, (guaranteed)
Amount
Rate per
Outstanding Cent.
1864
821,000
....
....
....
....
....
1870
....
....
.
.-.
.
‘ioo
1831
1867
1872
1875
1880
1879
1871
1381
1,000
500 Ac.
1.000
23,200
120,000
8,995,000
57,545
1,500.000
10,316,500
8,000,000
1,500,000
1,000,000
1,000
1,000
1,584,000
1,000,000
677,0 >0
1,786,200
302,000
1,500,000
500,000
350,000
325,000
1,000
1.000
50
....
1860
1,000
50
500 Ac.
100
....
1874
....
422,000
1875
500 Ac.
1873
100 Ac.
100
1,000
1,500,000
400,000
1,000
350,010
2,370,00u
100
...
1870
1881
100
...
1864
136
1881
1881
64
1865
38
38
1866
i
1,000
1,000
1,000
1,000
1,000
2,244,400
400,000
991,000
2,600,000
2,720,000
225,000
803,500
459,000
1.000
1868
Payable
Where Payable,
Whom.
pal.When Due.
Stocks—LarX
Dividend.
and by
J. A J. N.Y.. St. Nicholas N.Bk.
N. Y., 57 Broadway.
Various
M. A N.
do
do
!
J. A J. N.Y., St. Nicholas N.Bk.
do
do
F. A A.
F. A A.
do
do
do
do
F. A A.
5 g.
7
7
7
7
7
7
7
2
7
5
7
3
7
3
7
2
6 g.
5
4
6
M. A
A. A
J. A
F. A
M. A
M. A
M. A
J. A
Deo., 1883
1886 to ’90
Nov., 1904
Feb., 1890
'
2,474,000
1.000
When
7
7
7
7
7
7
7
$372,000
113,000
$....
«...
7
Connotton Valley- Consolidated gold mortgage
Connotton Valley A Straitsville. 1st mortgage—
Coming Coicanesque <£• Antinm—1st mort., gold—
or
Par
Value.
1863
Bonds—Princi*
INTEREST OR DIVIDENDS.
8ize,
Date
of
Bonds
7 g-
7 *
7 g.
6
6
*8.
N. Y.f Winslow, L. A Co. Sept. 1, 1931
Oot. 1, 1897
do
do
Jan. 1, 1892
do
do
do
A.
do
Aug. 1, 1905
do
do
8.
Sept. 1, 1900
May 1, 1910
do
do
N.
8. Bo8t.,3 Merchants’ Row 8ept. 1, 1901
Jan. 1, 1911
N. Y., Nat. City B’k.
J.
Dec. 10,1882
Columbus Treasury.
Q.-M.
M. A S. N. Y., Am. Excli. N. B’k Sept. 1, 1890
M. A N. Bost.AManchester.N.H. Nov. 1, 1882
1894
J. A J. Boat.. Treasurer’s office
J. A J. Bost.AMancbestnr.N.H. Dec. 29. 1882
Oct. 1, 1895
New York City.
A. A 0.
F. A A.
Boston, Office.
Aug. 1, 1882
do
A. A O.
April 1, 1893
do
F. A A.
Aug. 1, 1882
Jan. 1, 1890
do
J. A J.
Jau. 1, 1911
do
J. A J.
J. A J. Boston, Bo3t.A Alb. RR. Jan. 1, 1883
M. A 8. Phila.. Penn. RR. Offioo. 1900-’l-’2-’3-’4
Nov., 1910
M. A N.
Boston, Agency.
May 1, 1911
M. A N.
Boston, Agency.
J. A J. Phila. F. I.T. AS. D. Co. July 1, 1885
M. A S.lNew York, Co.’s Office. March 1,1891
do
do
M. A N.l
May 1, 1888
0.
J.
The lease stipulated that the lessees should maintain the road and -(V. 32, p. 610; V. 33, p. 225, 254, 357; V. 34, p. 315, 520, 603 ; V
■
equipment, operate it, and pay over to the lessors 30 per cent of the 35, p.160.)
Concord dt Claremont— March 31, 1882. owned from Concord to Clare
ctoss earnings. Also, that the rental should always be equal to the inter¬
est on $15,000,000 first mortgage bonds of the C. C. A I. C. Railway mont, N. H., 56 miles; branch, Contoocookville to Hillsborough, N. H..
Company, aud $821,000 of the second mortgage bonds of the Col. & 15 miles; total operated. 71 miles. Consolidation of several small roads
Ind. Railroad Company. The lessees also agree to pay the interest as it in 1873. Gross earnings in 1881-82. $151,220, and operating expendi¬
accrues on these bonds. In August, 1874, default was made on the tures, $110,444; net earnings, $40,575.
Capital stock, $410,900, and
$5,000,000 seconds, and April 1, 1875. defaulted on first mortgage. In bonds, $500,000; total stock and bonds. $910,000. Original cost of
the suit bet ween lessor and lessee, Judge Ilarlau decided the debt mustjbe property, $1,850,000. Floating debt, $254,245.
reduced to the limit—(See bondholders’ report, V. 29, p. 656.) Pursuant
Concdrd dt Portsmouth.—March 31, 188*2. owned from Portsmouth, N.
to this decision, the debt was substantially reduced as required, and the
H., to Manchester, N. H., 40*2 miles. The road was sold to first mort¬
final decision of Justice Harlan in Jan., 1880, ruled, in substance, that
gage bondholders in 1857, aud leased to Conooril RR. in 1858.
Lease
the Col. Chic. A Ind Cent. Co. had performed its covenant of the lease in rental is
$25,000 a-year, which gives 7 per cent a year to present stock¬
reducing the bonded indebtedness of the road. From this decision the holders. There is no debt.
Pennsylvania RR. appealed to die U. S. Supreme Court. There is also
Connecticut Central.—Sept. 30,1881, owned from East Hartford, Ct.,
on record a judgment for $932,500 on $298,000 Newcastle A Ricb.
RR., 1st mort. bonds, with interest, ahead of the consolidated mortgage. to ..ass. State Line, 20 miles; branch from Melrose to West Street, Ct., 7
On Feb. 9,1882, the full plau of settlement with the Penn. RR was miles; leased, Springfield A New London, Springfield to State Line, 8
submitted (see Chronicle, V. 34, p. 176), which was approved by a miles; total operated, 35 miles. Leased to New York & New England RR.
majority of bondholders. This provides that the consolidate I mortgage from June 1,1880. Capital stock, $448,500; funded debt, $325,000 (all
of the Col. Chic. & Indiana Central Railway Company shall be fore¬ owned by New York A New England Railroad); and bills, overdue cou¬
closed subject to the old sectional mortgages. That the property thus pons, Ac., $7,284. (V. 35, p. 574.)
sold shall be bought in. if it can be obtained on terms satisfactory, and
Connecticut & Passumpsic.—June 30, 188*2. owned from White River
the purchasers shall form a new corporation to take the property, with Junction, Vt., to Canada Line, 110 miles; leased, Massawippi Valley
a capital of $10,000,000 in common stock and $20,000,000 in preferred
and branch (Canada), 37 miles; total operated, 147 miles. Chartered
gtook; the latter to be entitled to dividends, if earned, at the rate of 6 in 1835. Completed in 1863. The lease of Massawippi Railroad is at
percent, per annum, and to be cumulative. That the new corporation 6 per cent on bonds and same dividends as are paid on the stock of the
shall issue its first mortgage bonds for $22,000,000, payable at the end lessee. Abstract of last report in V. 35, p. 347. Operations and earnof fifty years, in gold coin, with interest at the rate of five per cent, per iuge for four years past were as follows:
Div.
Net
GrOvSS
annum, Ac.
Common stock of the old company is assessed $5 per share
Passenger Freight (ton)
Co.
cash, and one share of new stock is then given for two of old. The
road was finally noticed for sale in foreclosure at Indianapolis Jan. 11,
1883. Operations and earnings for five years past were :
1R77
Miles.
581
581
580
581
581
...
...
Passenger
Mileage.
Freight (ton)
31,795.297
254,492,612
305,019,182
32,132,185
Mileage.
Gross
Earnings.
$3,396,255
3,433,665
Net
Earnings.
$455,340
411.514
402,856,462
3,911,261
756,300
441,353,949
4,795,771
726,260
542,015.108
4,953,722
641,053
43,407,476
—(V. 32, p. 122. 155, 231. 444, 498. 636; V. 33, p. 46, 124. 357, 641,
1879
1880
1881
1878-9....
1879-80
..
...
...
...
33.967,484
41,432,531
715; V. 34, p. 176, 204, 604, 636; V. 35, p. 189, 347, 431, 574, 705.)
.
.
Miles.
147
147
147
Mileage.
4,400,575
6,174,878
Mileage.
8,574,443
13.670.452
6,117,700
19,726,062
147
7.19S.5S6 22,589,950
1881-82
-(V. 33, p. 327; V. 35, p. 297, 3 47.)
I880-SI.
Years,
1878
Years.
.
..
.
.
Gonneclicut River—Sept. 30, 1881,
Earnings.
$514,142
Earnings. p.e.
0
$219,695
657,547
226.139
774.146
311.165
8’>1,749
803^845
3
5
C
owned from Springfield. Mass., to
South Vernon, Vt., 50 miles; branches, 6 miles; leased Asliuelot RR.,
S. Veruon, Vt., to Keene, N. H., 24 miles; total operated. 80 miles.
Net income 1SS0-S1, $236,051. Pays 8 per cent dividends on stock and
has paid off all the debt. (V. 33, p. 502, 561,743; V.
p.
35,
103,
577.)
Connecting (Philadelphia).—Dee.
31,1881, owned from Mantua Junc¬
line tion to Frankford Junction, Pa., 7 miles. A connecting link in Phila
26; delpliia to the West and South. Operated by Pennsylvania Railroad
Logan to Straitsville, 13 ; Straitsville to Nelsonville, 17; others, 9; total, Rental, 6 per cent on capital stock, $1,278,300; aud funded debt, $991,322 miles. This was a consolidation in July, 1881, of the Col. A Hock¬ OOO. The bonds are issued in series ABC aud D, maturing respectively
Columbus Hocking Valley & Toledo— Oct., 1882, owned main
from Toledo to Pomeroy, 257 miles; branches—Logan to Athens,
ing Valley, Columbus & Toledo, and Ohio A West Virginia. The stocks
of those companies wore purchased and new consolidated stock for
$20,000,000 made, of which the above was issued. Of the consolidated
mortgage $6,500,000 is reserved to meet the prior liens. The Central
Trust Co. of New York is trustee. In 1881 the gross earnings were
$2,519,750; net, $1,190,582, (V. 33, p. 46, 100, 225, 254, 303; V. 34.
p.408; V. 35, 102,131, 213, 478, 486.)
Columbus Springfield dt Cincinnati—Juno 30, 1881, owned from Colmnbug, O., to Springfield, O., 44 miles. Leased to Ind. Bloom. & West.
Mav 1,1881, 101*3313 per cent of gross earnings, with guarantee of
$80,000 as minimum. Of the excess over mini*mim, if any, on 33*3
basis, this company takes I5 and Cincinnati Sandusky A Cleveland 45.
Capital stock, $1,000,000, and bonds, $1,000,000.
Columbus
dt Xenui.— Dee.
RR.
31,1 S81, owned*from Columbus, O., to Xenia,
Is operated as a division of the Little Miami, and is leased
in connection with that road to the Pittsburg Cincinnati A
et. Louis, which
pays Sooreent on stack and provides for the bonds.
Ihe
’
miles.
for99 years
#
lease is guaranteed by the Pennsylvania Railroad Compauy.
boluuibus & Xenia pays 8^5 per cent dividend per annum.
’2, ’3 and ’4.
Cleve¬
Connotton Valley— This road was in progress from Bowerstou to
land, Ohio, and when completed to be 118 miles long, narrow gauge.
In February, 1882. the company failed to meet its obligations, and a
plan of reconstruction was proposed, and in May the Connotton VaL
A Straitsv. Road was
purchased.
Canton to Straitsville, 127 in.
8eeV.
after
34, p. 343, in which the plau was condensed, though modified
wards in some particulars: “ The Conuotton Valley bonds are to be con¬
verted into like amounts of uew 5 per cent bonds, on which the iuteresi
will be increased to 6 per cent in three years, with the addition of 35
per cent of the par value of the old bond iu 6 per cent preferred stock,
each holder of old bouds being called upon to take a new 6 i»er cent in
the proportion of $125 in new bonds for each $1,000 of old bouds, pay¬
ing
Columbus dt Western— Owns from Opelika to Goodwater, Ala., 60 miles,
and operates the Columbus Branch of Western RR. of Ala., 29 miles—
total 89 miles. The Savannah A Memphis RR. was foreclosed June 5,
1880, and this Company organized. Extension was in progress from
Goodwater to Birmingham, Ala. The bo^ds are endorsed by Ceu.
ofGa. Stock, $1,650,000.
-' ~
in ldOO-’l,
par
therefor iu four equal monthly instalments,
bogiuning May 1,
The Straitsville bondholders to receive new 5 per cent bonds at
par for old bonds at par, and to subscribe for $250 of uew 6 per cent
bonds for each $1,000 of old bonds. The new bonds arc in throe series, the
first being * A,’ 5 per cent bouds increased to 6 i>er cent at the
1882.
end of
Valley bo >ds, $2,000,000;
$2,150,000;
road, payment
bonds. Ac.” In
34, p. 264.
three years, for redemption of Connotton
series ‘ B,’ at 5 per cent, for redemption of Straitsvilto bonds.
series ‘ C,’ at 0 per cent, $2,250,OdO, for construction of
of floating debt, interest due May 1, 1882, 011 old
Nov.. 1882, default was made on the bonded interest. (V.
343, 435, 460, 574, 663 ; V. 35. p. 133, 313. 486. 515.)
Corning Coicanesque dt Antrim.—Dec.
31,1881, owned from Corning,
Klkland, Pa.,
1873) of the
CoMwv/.-Miu'cli 31,1882, owned from Concord, N.II., to Nashua, N.H., Blosaburg A Corning RR. aud the Wellsboro RR. Juue 1, 1874, the
Cowanesque Valley RR. was absorbed. Those lines are leased to and
So miles; Manchester A North Wouro, 19 miles; Hookset Branch, 7
bales; leased—Concord A Portsmouth, 41 miles; Smicook Valley, 20 operated by the Fall Bixmk Coal Co. Rental paid—7 per cent on bonds,
boles; Nashua Aeton & Boston, 20 miles; total operated, 112 miles, $21,000 ; 6 per cent on common stock, $84,000, aud 7 per cent on pre¬
ferred stock, $35,000; total rental. $140,000 a year.
Stock—common,
operations, earnings, and income over rentals, Ac., for 4 years past were:
$1,400,000, aud preferred, $500,000; and 7 per cent bouds, $300,000.
Gross
Net
Div. Annual bond drawings of $20,000 commenced iu 1880. (V. 35, p. 235,
Passenger Freight (ton)
Year*.
Miles.
1878-9....
142
.
.
..
.
.
1881-82.
142
142
Mileage.
Mileage.
10,580,508
11.081,309
21,609,056
13,118,217
80,295,384
29,006,834
The
N. Y., to Antrim, Pa., 53 miles; branch. Luwreuceville to
11 miles; total operated, 64 miles. Consolidation (Jau.,
Earrings. Earnings, p. e. 516.)
Cumberland dt Pennsylvania.—Deo. 31,1881, owned from Cumberland,
10
$783,004
$318,847
316,732 10 Md., to Piedmont, Md., and several branches, 55 miles; almost all steel
870,088
362,608
10 rail. It is owned and operated by Consolidation Coal Company, whisk
955,000
1,258,419
471,208
10 guarantees second mortgage.
xx vm
EAILROAD
Subscribers will
confer
a
DESCRIPTION.
STOCKS
Cumberland Valley—Stock
($484,900 preferred)
1st mortgage
8107 11879-20.
mortgage, sinking fund guaranteed
Common bonds
Danbury d Norwalk—Stock
1st and 2d
mortgages
Consolidated mortgage
Danv. Olncy d O.Riv.— 1st
M.(for
Danville d Southu'estern—Stock $836,000) cp. orreg
percent, guar. C. H. AD.)
Consol, mortgage, guar,
by C. II. & D
Income mortgage bonus.. f.
52
52
....
....
34
O A
oo
Rate per
When
Cent.
Payable
■70-’72
IS 80
ioo
1S80
1831
1,000
i
1379
1865
3,000
1,000
1875
1,000
mortgage
Si
27
bonds,
reg
Delaware Lackawanna d
Western—Stock
Consol, mort., on
roadsAcquipm’t,($10,000,000).
Bonds (convertible June
1, 1875 to ’77)
546
288
Bloorasb., 1st
mort. (extension)..
60
Denver Longmont d Northwestern—
1st mort., gold
Denver d New Orleans—1st
Denver d Rio Grande—Stockmortgage
.'I
1st mort., gold,
1,067
sinking fund
294
1st consol,
mortgage ($15,000 per mile)
Denv.d R.Gr. West.—1st,
(0
g. ($16,000p.
m.),cp.orreg.
(?)
Denver South Park d
.
Pacific—stock
1st mortgage, gold,
sinking fund
Consol, mort.*, gold ($17,000
per mile)
Denver West, d
25
50
187*0
1880
188 L
212
208
Pac.—1st M., gold ($30,000
per m.)
....
1,00*0
100 Ac.
500 Ac.
100
500 &c.
500 Ac.
1,000
100
1876
18 SO
1881
A. A O.
A. A O.
A. A O.
2l3
Various
7
6
7
J.
J.
A
A
J.
A
J.
J.
J.
2^3
A.
A*
O.
.
426,000
351,000
1,898.000
09Y oqo
173,000
495,000
1,468,940
650,000
1,692,000
1875
1877
1872
1859
1881
8
8
6
2,402,573
1,211,250
1,000
non
1,000
1.000
1.000
Q-J.
SOI ,000
50
1,000
Where
700,000
503 Ac.
1871
1867
1869
213
161,000
109,500
81,800
GOO,000
400,000
100,000
....
1 Q70
41
85
85
$1,777,850
500 Ac.
500 Ac.
100 Ac.
50
100 Ac.
103
141
141
I 42
1 42'
142
.
Dayton d Weslemi—1st M., guar. L. M.
and O. A X..
Delaware—Stock
Mortgage bonds, convertible, guar. P. W. A B
Delaware d Bound Brook—
Stock, guaranteed
1st
&
Amount
Outstanding
$50
qo
Dayton d Michigan—Com. stock (3*2
guar. C.JLAD.)
Preferred stock, (8
Lackawanna
I Vol,
1,500,000
192,000
26,200,000
3.067,000
GOO,000
370,900
100,000
(?)
33.000,000
6,382,500
17,685,000
(?)
5,000,000
1,800,000
1,534,000
900.000
LOG
2
7
7
5
7
6
6 A 7
3
6 '
134
7
6
2
7
7
7
M. A S.
A. A O.
J. A J.
T
A D
J.
A D.
J. A J.
J. A J.
J. A J.
Q.-F.
F. A A.
M. A N.
Q.-J.
M. A S.
J. A D.
M. A 8.
A. & O.
7
lhi
7
7
6
4
7
6
7
Q.-J.
g.
g.
g.
Whom.
Bonds—PrinH
and by
-
do
Stocks—Last •
Dividend.'
Phila. and Carlisle,
Pa.
Pliila., T. A. Biddle A Co
do
do
do
do
New York and
Danbury
N. Y., Nat.
City Bank.
N.Y., Farm. L.
pal,When Due-
do
A Tr. Co.
Oct 2, 1832
April},
April 1,
•/an. 1,
Oct. 1,
1904
1908
I884
l^
1920, ’90, >92
1920
Jan. 1,
1910
Cincinnati. C. Il.A D.Co. Oct.
Y., Winslow, L. A Co. Oct.
1, 1882
4, 1882
Sept., 1884 L
do
Oct., 1888
do
do
Jan. 1. 1911
Vm 1,
woo
Alter 1910
N. Y., Am. Exch. N. B’k
Jan. 1, 1905
Dover, Co.’s Office.
July
Phil., Fid’lity I.T. A.S.Co July 2, 1882
1, 1395
Philadelphia.
Nov. 15, 1882
PhihL.Guar.T.A S D.Co.
May, 1905
N.
do
do
do
Philadelphia.
New York, Office.
do
do
do
do
do
do
New York and Boston.
Oct.
20,1882
Sept. 1, 1907
June, 1892
March, 1885
April 1,1911
Q.-J. N. Y., Company’s Office. Jan.
14,1882
do
do
M. A N.
J. A J.
M. A S.
....
g.
Payable,
XXXV.
Tables.
INTEREST OR DIVIDENDS.
.
125
2d
2d mort.. debenture
BONDS.
great favor by giving immediate
notice of any error
discovered in tliesc
Miles Date Size, or
For explanation of column
headings, &c., sec notea of
of
Par
on first
page of tables.
Road. Bonds Value.
2d mortgage
3d mortgage
AKD
do
do
N. Y., Co.’s
Agency.
New York.
M. A N. N.Y., LondonA
Frankf’t
J. A J.
N. Y.. Co.’s
Agency.
J. A J.
New York.
Nov. 1, 1900
Jan. 1, 1910
Sept. 1, 1911
Aug. 15, 1880
May 1, 1905
Jan. 1, 1921
Cumberland Valley.—Dec. 31,
Jan. 1, 1911
1881, owned from Harrisburg,
Potomac River, Md., 82 miles;
Pa., to & Essex, 118 miles; Newark A
Bloomfield, 4 miles; Warren
leased—Martinsburg & Potomac RR., 12 18 miles; Sussex, 30
miles; Dillsburg A
Railroad,
Mechanicsburg RR., 8 miles; Southern Pennsylvania total
miles; New York Lackawanna A
BR., 21 miles; Mont Alto RR., 18
Western, 74 miles;
operated, 776 miles. For the terms of
miles, controlled; total controlled
and operated, 141miles.
leases, see remarks under the
names of the respective
Chartered in 1S31. Main
leased roads. The
Chambersburg, completed in 1839, and extended to line, Harrisburg to was consolidated with this company June Lackawanna A Bloomsburg
the River in 1872.
Owns or leases several
19, 1873. The
synopsis of the annual statements of the
following is a
factory roads, in all about 43 miles. The stock is
owned in large part by
company for four years :
Pennsylvania RR. Co. Last annual
1878.
1879.
1880.
34, p. 376. Large advances have been
report V.
1881.
made to branch roads.
$
$
tions and earnings on the main
$
Opera¬ Gross receipts all
$
line for five years
sources..14,454,405 20,226,708 21,656,604
past were as foil ays :
Operating expenses
10,836,276 16,416,256 15,753,134 27,396,526
Passenger Freight (ton) Gross
Net
Years.
19,632,662
Miles.
Div.p.c.-N
Mileage. Mileage. Earnings.
Earn’gs. Pref. Com. Net receipts
1876-7
125 5,869,562
3,618,129 3,810,452 5,903,470
11,062,510 $519,851 $254,253 10
10
7,763,864
125 5,416,229
11,030,907 536,410 224,985 10
INCOME ACCOUNT.
1879
10
125 5.265,292
12,485,385 503,597 264,900 10
---$
$
10
Net receipts
$
125 7,386,350
$
14,048,062 536,945 230,199 10
3,618,129 3,810,452 5,903,470
10
125 8,967,357
7,763,864
18,364,654 622,533 220,429 10
10
—(V. 32, p. 311; V. 34, p. 376.;
Interest and rentals
3,577,420 3,624,431 3,627.381
Dividends
3,558,494
*
Danburi d Norwalk.—Sept.
ury
786,0001 1,768,500
30,1882, owned from Danbury,
Wilson Pt., South
Norwalk, Conn., 26hj miles; branches to Conn., to
Total disbursements..
and Hawley ville,
3,577,420 3,624,431 4,413,381
Ridgetield
together 10 miles; total operated, 34
5,326,994
miles. Dividends Balance, surplus
have been irregular.
40,709
186,021 1,490,089 2,436,870
Operations and earnings for three
*3
as
follows:
Years.
..
per cent.
t
per cent.
-(V. 32, p. 230; V. 33, p. 73,
716; V. 34, p. 144.)
years past were
Miles.
34
34
Passenger Freight (ton)
Gross
Mileage.
Mileage.
Earnings.
3,301,269
3,608,823
1,308,897
1,228,828
36h2 3,698,860 1,330,145
—(V. 33, p. 559; V. 34, p. 176; V.
35,
$184,407
195,163
200,993
p. 237.)
Net
Earnings.
$60,079
88,341
72,990
Div.
p.c.
2*2
5
5
Danville Olncy & Ohio River.—This
road is projected from
HI., to Olnev, and to the Ohio
Danville,
River, 243 miles, of which 110
ville to Olney are in
operation; also 20 miles of Chic. & East. miles, Dan¬
Bonds offered in 1881
Ill. leased.
by R. M. Raven A Co., at par, with
$500 stock
fiven with each Nov., 1882, company became embarrassed and
1,000,000. In $1,000 bond. Stock authorized, $2,000,000;
Eads of Paris, Ill.,
issued,
Jas. A.
appointed receiver. (V. 33,
p. 124; V. 35, p. 265,
266, 373, £38, 574, 658.)
was
Danville d Southicestern
(III.)— June 30, 1881, owned from
Junctionto Lawreueeville and branch
Tilton
to mines, 103 miles.
Paris & Danville Co. Gross
Successor to
earnings in 1880-31, $224,350; net, $76,318.
Dayton d 'Michigan.—March
1881,
Toledo, O., 141 miles. Opened31, 1862.
in
Denver Longmont. d
Denver to Longmont inNorthwestern.—This road is in progress from
northern Colorado.
Bonds ($100,000) offered
in Boston
March, 1881, at 90, carrying bonus of 5 shares of
stock with
each $1,000 bond.
Frederick O. Prince/Boston, Pres.
(V. 33, p. 20; V.
34, p. 521 )
Center d
New Orleans—Projected
from Denver, via Puebla, to tho
Canadian River, 350 miles, and to
June, 1832, Denver to Puebla. 120
miles completed. Built
by a Construction
35, p. 601. Wiien completed will connect Companj\ See circular in V.
with Ft.
forming a through line between Denver and Worth A Denver City,
Ft. Worth. Loan of
$12,000,000 mortgage bonds was authorized
Sept., 1882, and capital
stock was increased to
$15,000,000.
Winslow, Lanier A Co. for the bonds. Negotiations were pending with
Jno. Evans, President.
(V. 35,
p. 131, 347, 601, 677.)
Denver d Rio Grande (3
ft.)—Dec. 31,1881, owned from Denver
Col., to Alamosa, Col., 251 niles;
City,
branches—Pueblo, Col., to
and Coal Mines, 44
miles; Cuclmra, Col., to El Moro, Col.. 45 Canon City
lines to Leadville,
Durango, Gunnison City, Crested Butte,miles; also
Rcdcliffe,
Kokomo, Silver Cliff, and others, the total
operated Jan. 1, 1882, aggre¬
gating 1,067 m., and construction was pushed on
owned from Dayton,
O., to
Leased in perpetuity to the
March, 1881, voted to issue a 5 per
cent consol
238 additional miles.
The first comprehensive
mortgage bond. There are also $53,000
report was published in the Chronicle, V.due 1881 and 1894. Of
Toledo Depot bdfids 32,
the common stock
p. 550, giving a
history of operations, to the close of 1880, Ac.,
anteed 3*2 by C. H. D.
$1,010,000 only is guar¬ and in V.
Loss in 1830-81,
$13,073. The lessees hold The trust 34, p. 635, the report of operations up to Jan. 1," 1882.
.$1,398,100 of the common stock. (V.
deed of the consolidated
32, p 312.)
mortgage is to Louis H. Meyer
John A. Stewart, of New
Dayton d Union.—October,
York, as trustees. The deed is to secure and
1881, ownedfrom Dodson, O., to Union
and
Ind., 32 miles; leased Dayton to
City provide for an issue of bonds, the amount afloat at one time not to
Dodson, 15 miles;
miles. The Greenville A
exceed $30,000,000, of
which $7,422,200 shall be used in
Miami RR. was sold out Oct.total operated, 47
retiring
organized as now Jan. 9, 1863.
30,1872, and re¬ prior issues, and the balance issued for the
purpose of building and
Capital stock, $86,300; funded Operated by trustees since Dec., 1871. completing the extensions to
Leadville, New Mexico and San Juan
debt, $146,444, and other
$lo 1,297; total, $634,043.
liabilities, mines, and other points—and the bonds are issued at
Property account, $623,363. (V. 32,
Of tho consol,
$15,000
p. 69.)
mortgage $1,040,000 exchanged for Arkansas per mile.
Dayton d Western.—Dec. 31, 1881, owned
Division
from Dayton, O., to Rich¬ bonds held by trustees of the Colorado Coal
mond, Ind., 41 miles. Leased in
A Iron Co.
For ten months of 1882 the
Miami, and earned with that road perpetuity from Jan. 1,1865, to Little
earnings and charges were given in
in the general lease to
The lessees are virtual
the P. C. A St. L. Chronicle. V. 35. p. 545. In 1881 net
owners and are answerable
earnings were $2,624,000 and
fixed charges $1,369,000. The
for all obligations.
following is from the latest annual report
Delaware.—Oct. 31, 1881, owned from
Delaware Junction (P. W. it
Del., to Delmar (Md. Line), 84
1880.
1881.
B.), Total miles operated at close of
miles; branches, 16 miles; total
100 miles, less two
year..
686
1,067
branches (15 miles)
operated,
Earnings—
operated by the Dorchester &
Delaware and Queen Anne A K.
$
$
Passenger
railroads. The Delaware
opened 1855-1860, and is
945,030
Railroad was Freight'.....
1,563.632
leased to the P. W. A B.
cent of gross
Co.; rental 30 per Mail,
2,411,457
4,332,150
earnings, but stock must have 6
express, Ac
in l^g-^O,
per
121,579
348,998
$426,265; net, $127,879; 1880-81, cent. Gross earnings
€24. Dividends and
$428,747; net, $128,Total gross
interest paid in
earnings...
1880-81, $129,480. (V. 34, p. 86.)
3,478,066'
Delaware d Bound
6,244,780
Operating expenses
Broolc.—December 31, 1881, owned from
1.767,605
Brook (C. of N. J.) to
3,620,030
Bound
Delaware River, 27 miles;
Net earnings
branch, main line to
Trenton, 4 miles; total operated, 31
miles. In connection with
of New
1,710,461
Central
Jersey and North Pennsylvania forms a line
INCOME ACCOUNT
York and
between New
Philadelphia. In May, 1879, the
Receipts—
990 years to the
property was leased for Total net income
$
$
Philadelphia A
paying interest and 6 per cent on Reading Railroad Company—the lessee
1,730,768
2,624,764
Lisbursemcnis—
stock in 1879-81, 7
and 8 per cent
per cent in 1881-83, Interest on
afterward.
debt
Gross
$265,743; in 1881, £ross, $668,499; earnings in 1880. $563,789 net, Taxes
1,150,453
1,199,541
net,
■Cincinnati Hamilton
A
Dayton.
In
'
'
'
~2J>24,750
$334,462. (V. 32, p. 611.)
149,830
Dividends
d Western.—
Dec. 31, 1881, owned from
(6 p. c.) 914,100
River (N. J. line) to New
Dela¬ Miscellaneous
York State line. 115
246,512
Bcranton to
19,607
miles; branches—
Northumberland, 80
miles; to Storrs, 3 miles; Junction miles; Greenville to Winton, Pa., 8
Total disbursements
to Keyser
lines in New
1,396,965
Valley, Pa., 5 miles; leased Balance, surplus
2,283,078
York—Cayuga &
333,803
341.686
Smiles; Oswego A Syracuse Susquehanna RR., 34 miles; Green RR., —(V. 33, p. 46, 124, 201,
303, 329, 519, 559, 622, 687, 709, 716; V. 34,
Railroad, 35 miles; Utica Chenango A p. 31, 60, 86, 145,
Susquehanna Valley
408, 635 ; V. 35, p. 78, 103, 182,
Railroad, 97 miles; Valley Railroad, 12
controlled and
211, 213, 313, 339,
miles; 347, 430, 431, 456, 478, 515, 545, 602, 625, 705, 737.)
operated—Syracuse Binghamton & New
Borne A Clinton
Denver & Rio Grande West,
Railroad, 13 miles; Utica Clinton A York, 81 miles;
(narrow gauge)—This company’s mortmiles; leased lines In New
Binghamton, 31
Jersey—Chester Railroad, 10 miles; Morris gage covers contemplated lines in Utah Territory estimated at 3.022
miles. The company is an
offshoot of the Denver & Rio
Grande, and the
Delaware Lackawanna
ware
PECEMBER,
RAILROAD
1882.]
Subscribers will cottier a great favor
DESCRIPTION.
first page Of tables.
Moines d
let mortgage..
Ionia & Lansing, 1st mort., coup., may be reg—
Detroit Had:inac d Marquette— 1st mortgage
1874
1874
1881
1880
87
87
56
300
189
189
189
Ft. Dodge—1st mort., coup
let mortgage, income
■Mortgage on extension
Ves Moines Osceola d Southern—1st mortgage..
rZtrnit Grand. Haven d Milwaukee—Stock
1st mortgage, guar., (l or $2.000,000)
Consolidated mortgage, guar
3d mortgage (Detroit A Pontiac RP..), Feb. 1854.
Detroit Hillsdale d .S', ir.—Stoelc...::
Detroit Lansing d: North— Stock, common
Preferred stock
dm
65
225
095
182
59
152
-
2d mortgage
3d mortgage
Dost Broad Top— 1st mortgage,
Dost Penn sylvan ia—Stock
let mortgage—.'
East Tennessee Virginia
gold
registered
d Georgia— Common stock.
Preferred stock (6 per cent)
Consol, mort., gold (for $22,000,000)
do
“ Divisional”
Income bonds
-
-
bonds
.
•
•
63
143
43
200 Ac.
-
-
1,000
100
500 Ac.
....
1,000,000
200,000
500,000
1,000
1,000
50
100 Ac.
100
100
1.000
1,000
1881
1870
....
1,000
50-’56
|
7,000 p.m.
2,000,000
1,000
1,000
....
1856
1872
586.000
18,000 p.m.
1,000
....
242
112
130
2,280,009
4,500,000
1,500,000
630,000
5,000,000
1,000
1858
1,000
1,000
....
-alter has a traffic guarantee and guarantees $7,500,000 of the bonds.
T lie stock by charter is $ 18,000,000. (V. 34, p. 146, 291, 292, 679; V.
35, p. 431.)
So. Park d Pac. (3 ft.)— Dec. 31,1SS1, owned from Denver, Col.,
Vista, Col., 135 miles; extension to Hortense, 8 miles; branch to
Morrison from Bear Creek, 9 miles, and branches, 6 miles; extension to
Gunnison City, 54 miles; total, 212 miles. First mortgage bonds issued
at the rate of $12,000 per mile of finished road, and the sinking fund of
1*2 per cent annually on outstanding bonds, to be retired at par by lot,
begins in 1886.
Sept. 20, 1880, new branches authorized, and voted to
increase the capital stock, and in Oct., 1880, the consol, mortgage was
made for $15,000,000, to be at $17,000 per mile on whole road, old and
In December,
new, less the amount of first mortgage on the old.
1880, Mr. Gould bought most of the stock, and passed it over to the
Union Pacific, and it is now under that management and no reports are
made. In 1881 gross earnings were $1,464,228 ; net, $309,757. Stock,
$5,000,000. (V. 32, p. 44, 414; V. 35, p. 102, 103.)
Denver
to Buena
Pacific.— Proposed road from Denver to Long¬
mont, Col. From Denver 30 miles to be done by Aug. 1,1881. For
$3,060 in cash the company gives $3,000 in 1st mortgage bonds and
$1,500 in stock. John S. Crooks, President, Boston.
Denver Western &
Des Moines & Ft. Dodge—Dec. 31,1881, owned from Des Moines to Fort
Dodge. Iowa, 87 miles, with an extension, 11 miles, connecting with
Iona Division of Chicago Mil. & St. Paul; and 230 shares common and 30
shares preferred stock per mile additional may be issued on this exten¬
6
5-6
8
770.000
1,000
1,709,550
,
J.
4
1.350,000
1.825,600
2,503,300
2,443,000
ra
1,000
1864
1881
.
„
100
500 Ac.
1,000
1880
-
.
100
«
....
•
250,000
1,000
1870
1870
1870
1873
•
3,200,000
.
90
90
90
30
36
36
902
„
G,ooo p. m.
1,500,000
2.000,000
J.
6
0
672.000
1,000
1877
1869
1882
1881
1881
1879
6
1,200,000
1,000
....
....
•
Old 1st mortgage sinking fund bonds
East Tenn. A Georgia ($92,000 are endorsed)
East Tennessee and Virginia (endorsed)
2d mortgage to U. S. Government
XXIX
Rate per When Where
Cent.
ray able
$1,200,000
1.000
-
1,123
Dunkirk Ahcgii. Valley d Pittsburg—1st mort.,
Amount
Outstanding
$1,000
1878
1878
1854
Land grant
2d mortgage, income
BONDS.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
100
....
bonds (income)
Income bonds
Dnbugae d Hah.—1st M., gold. gu. (payable at 105)
Dubuque d Sioux City—Stock...
let mortgage, 2d division
Duluth £ Winnipeg—1st mortgage, gold, land grant
AND
by. giving immediate notice of any error discovered in tlicse Tables.
Date Size, or
Miles
of
of
Par
Road. Bonds Value.
£Crr^ianation of column headings, Ac., see notes
Fore
on
STOCKS
495,900
27,500,000
16,500,000
14,491,000
2,650,000
36.500,000
3,123,000
535,400
147,000
95,000
11-2
21*2
3io
7
8
6
7
7
6 g.
3
J.
J.
Payable, aud by
Whom.
J. N. Y., Morton, B.
do
do
J.
do
do
J.
J.
A
A
A
A
pal,When Due.
ACo. June 1, 1905
t
A.
A.
F.
J.
F.
I.
T.
A 0.
New York A London.
do
do
A O.
A A. N.Y.,Canad’u B. of (’0111.
A J. N. Y., Winslow, L. A Co.
Boston.
do
A A.
A.
A. A O.
do
Oet
Oct
do
7
6 g.
A J. N.Y.,M.K.Jesup,P.A Co.
A O N.Y.,M.K.Jesup,P.A Co.
A J. N.Y., Jesup.Patou A Co.
A N. N. Y., Central Trust Co.
7 g.
7
7
7
3
7
J.
A.
A.
J.
J.
M.
A
A
A
A
A
&
5 g.
J.
J.
*3
7
G
6
4
June 1, 1905
1905
1896
1831
1918
1913
Feb. 15, 1838
Jail. 1, 1883
Aug. 10, 1880
Aug. 15, 1882
Jan
A J. Boston, 2d Nat Bank.
1, 1907
do
do
A 9.
July 1, 1S39
A O. N Y., Metrop. Nat. Bk. Oct. 1, 1921
f.
A.
J.
M.
5
Stocks—Last
Dividend.
D. N.Y., N.Y. Cent. A Hud.
do
do
Odo
do
O.
J. Philadelp’a, Co.’s Office.
J. Phila., by P. A R. RR.
S.
Phila., P. A R. office.
& J. N.Y.,Metropolit’n N.Bk.
do
do
& J.
do
do
Oct.
do
do
J. & J.
do
do
J. & J.i
do
do
M. A N.
....
1,
1,
1911
1921
July 1. 1919
Oct 16. 1882
1894
May 1, 1911
June, 1890
1, 1890
1. 1S90
July 1, 1903
Oct
Oct
July 18, 1882
Mar. 1, 1888
July 1, 1930
July 1. 1930
1911
July 1, 1900
1882 to 1886
May 1, 1886
Jan. 1, 1887
...
-
■
—
■■
■—»
31, 188 ?, owned from Straits
branch projected to Sault St.
Marie, 48 miles. The stock is $-4,750,000, in $100 shares. The land
bonds receive 25 per cent of net proceeds of land sales as their yearly
income. Jas. McMillan, President; George I. Seney, director in N. Y.
Detroit Mackinac d Marquette.—March
of Mackinac to Marquette, 152 miles;
Dubuque dDakota.—Dec. 31,1831, owned from Sumner. Ia., to Waveriy, Ia, 63 miles. Built on the old grading of the Iowa Pac. Dubuque &
Sioux C. Co. guarantee the bonds issued for construction to the extent of
$10,000 per mile. Bonds may be paid oft' at any' time at 105. Preferred
stock $110,000 and ordinary stock $156,600; cost of road, $18,882
per mile.
(V. 32, p. 69.)
Dubuqiie d Sioux City.—Dec. 31,1881
owned from Dubuque, Iowa, to
Iowa Falls, 143 miles. Chartered as Dub. A Pac. in 1856. Leivsed to
Cent, from Oct. 1. 1867. for 20 years, the lessees agreeing to pay' 35 per
cent of gross earnings for ten years and 36 per cent for next ten years,
with privilege to make the lease perpetual at the latter rate.
1880, $1,097,524; rental, $395,108.
$398,779; V. 35, p. 737.)
Ill.
Earnings
Gross, 1881, $1,107,720;
rental,
Winnipeg.—Hoad in progress from Dulutli to Manitoba
miles. The lan l grant amounts to 1,800,000 acres,
which is subject to the first mortgage. The stock is $5,000,000. Win,
W. Spalding, President, Duiuth.
(V. 33, p. 733.)
Duluth d
boundary line, 280
Dunkirk Allegheny Valley d Piltsb.—Sept. 30. 1831, owned from Dun¬
division of the Des Moines A Valley kirk, N. Y„ to Titusville, Pa., 91 miles. A consolidation of the Dunkirk
RR., built in 1870 and sold out in 1873. Gross earnings in 1880 were War. & Pittsb. aud Warren A Venango in 1872. Is owned by N. Y. Cent.
$324,725 ; net, $143,920. In 1881, gross, $401,532; net, $172,543. & Hudson River Co., but accounts are kept separate. Gross earnings.
Common stock, $3,040,000 issued; preferred, $758,280 issued to De¬ 1878-9, $283,132; no net earnings; deficiency’, $20,109; in 1S79-80,
cember 31, 1881.
(V. 32. p. 312, 434; V. 33, p. 23,736; V. 31, p. 114. gross $261,947, deficiency $17,217; 1880-81, gross $291,208, net
175, 549, 663, 679; V. 35, p. 313, 574, 603.)
$5,302. Capital stock, $1,300,000; funded debt, $3,200,000. Nominal
cost of property', $4,810,544.
Des Moines Osceola d Southern.—Projected from Des Moines, la., to
Kansas City, Mo., 300 miles, of which a portion is built, and road was
East Broad Top (Pa.)—November 30,1881, owned from Mount Union,
expected to open in August, 1882.
Stock, $7,000 per mile; bonds, Pa., to Robertsaale, Pa., 30 miles. A coal road, opened in 1874. The
$6,000 per mile. B. L. Harding, President, Des Moines.
stock is $549,248. In 1873 gross earnings were $90,803 and net earn¬
Del. Grand Ha ven d Mil.—Dec. 31,1881, owned from Detroit, Mich., to ings $3S,122; 1330-81, gross, $127,940; net, 42,356.
Grand Haven, Mich., 189 miles. This is a reorganization of the Detroit
East Pennsylvania—Nor. SO, 1881. owned from Reading, Pa., to Allen
& Mil. which was sold in foreclosure Sept., 1878. A sufficient amount town, Pa., 36 miles. It is leased for 999 y ears from May 19, 1869, to the
of first mortgage bonds is reserved to retire Detroit & P. bonds Phila. & Reading RR., at a rental of 6 per cent per annum on the stock
on maturity.
The bonds are guaranteed by'the Gt. Western of Canada. and interest on the bonds. G. A. Nicolls, President, Reading.
The consol, bonds draw 5 per cent till Nov., 1883, and 6 afterward.
East Tennessee Virginia d Georgia.—The East Teun. Va. & Ga. RR. ia
The stock is $1,500,000. Gross earnings in 1880. $1,220,070; net,
$403,812. Fn 1881 gross earnings, $1,200,928 ; net, $317,247 ; interest, composed of the following lines, which were consolidated July'20, 1881,
under the above title: The E. Tenn. Va. A Ga. RR:, the Macon A Bruns¬
charge, $286,S55.
wick RR., the Cin. A Ga. RR., the Knox. & Ohio RR., and the Alabama
Dct. Hillsdale d South w.—.Dee. 31,1881, owned from Ypsilanti, Micli.to Banker’s, Mich., 65 miles. The Det. II. A Ind. road was sold in lore,
’closure December 28, 1874, and this company organized by the bond,
holders. In Aug., 1881, leased in perpetuity to the Lake Shore A MichSoutliern Co. for $40,500 per year (3 per cent) on stock for two years,
to Red Clay', Tenn., 12 miles; Rome, Ga., via Atlanta, to Macon, Ga.,
and $54,000 per year (4 p. et.j afterward. (V. 33, p. 225.)
378 miles. The line from Macon to Rome, 178 miles; the Ooltewah cut¬
Detroit Lansing d Northern—Dec. 31, 1881, owned from Grand Trunk off, 12 miles; 26 miles of the Knoxv. A O. Br.,to the Kentucky State line,
Junction, Mich., to Howard City, Mich., 157 miles; branches—Stanton and 5 miles of the Morristown Bi\, 220 miles in all, are under construc¬
Junction to Bisr Rapids, Mich., 63 miles; Belding Branch, 1*2 miles; tion, leaving 902 miles of road operated by' the consolidated company
leased, Grand Trunk Junction to Detroit, 3 miles; Lansing to No. Jan. 1, 1882. (The road from Rome to Macon was opened Oet., 1882.)
The company's application to theY. Stock Exchange, July', 1881,
Lansing, 1 mile; total operated. 225 miles. A consolidation, April 11,
1871, of the Detroit Howell A Lansing, the Ionia & Lansincr and the had the following: “ Of the first mortg. eonsol. bonds, there are held in
Ioma Stanton A Northern railroads, under the name of Detroit Lansing trust by the Cent. Trust Co. $7,509,000, to retire the same amount of the
& Lake Michigan RR., which was sold in foreclosure December 14,1876, outstanding divisional and sectional bonds. There are also held in trust
bv the same trustee, $3,500,000 bonds to provide for the completion of
and new stock issued as above.
The annual report for 1881 had the following: lt During the year the Romo Atlanta & Macon division of the company’s railroad now in
1881 the bonded debt was increased by the sale, at lT^j per cent to \7^h progress, 178 miles in length, and the company has contracts with
percent premium, of *178,000 Detroit Lansing A Northern Railroad responsible parties for the completion of the division during the year
Company’s 7 per cent mortgage, bonds due January 1, 1907, the prin¬ for the proceeds of the funds so held in trust. The company owns 1,1~3
cipal of which was applied to the payment of $81,000 Ionia A Lansing miles of railroad, of which 902 miles are in operation aud the remainder
Railroad Company’s second mortgage 8 per cent bonds, which matured is in progress. It also operates under a lease for twenty years from
November 1. 1880, and to the completion of the Stanton Branch. The
premium paid upon the bonds was applied to the purchase cf equipment
sion.
First 87 miles originally a
for the road.
“The bonded debt
was decreased by the payment of $50,000 Detroit
Lansing A Lake Michigan Railroad Company’s depot ground 7 per cent
mortgage bonds, due November 1, 1881, the amount now being carried
as a
floating debt to be ultimately provided for from the sale of bonds
bf the company, due January 1, 1907, reserved for that purpose.”
Tile gross earnings, expenses and net income
„
From passengers
From freight
From miscellaneous..
1878.
$236,734
for four years were:
1880.
1881.
$280,142
$314,674
$370,474
1879.
786.764
852,931
959.814
38,926
42,024
35,545
47,409
Total income..... $970,033
$1,108,932
$1,203,151
$1,377,698
597,835
659,787
739,004
934.429
Net earnings
$372,198
-(V. 32, p. 391; V, 34, 406.)
$449,145
$464,146
$443,269
..
Operating
expenses..
694,372
proprietary' and leased lines now in operation
aud 221 miles in.
RR. is an operating
against the East Tenn.
lessor company'.
for equipment and
betterment purposes.” In March, 1882, a new arrangment was to be
made, consisting of a purchase by the East Tennessee Company of the
stock of the Memphis <te Charleston Company, in exchange for which it
was to issue new securities; but the consolidation of the roads was not
effected, and the lease was afterward to be purchased back by the M. &
C. stockholders. See references below.
The annual report of the consolidated company for the year ending
Juno 30,1882, gave the gross earnings on 900 miles, $3,145,482; net,
$1,283,460, and its financial status is somewhat complicated and dif¬
ficult to understand. The earnings and expenses of the cousoluiat ©u
road for the six months ending December 31,1881, were as follows:
progress. The lease of the Memphis & Charleston
lease simply, and creates no moneyed obligation
Va. & Ga. RR., all net earnings being paid over to the
The company has $5,000,000 cash in its treasury
RAILROAD
a
DESCRIPTION.
Eastern (Mass.)—Stock
Essex RR.lst mort. (extended for 10
years)
282
J$100
1851
1876
Mortgage funding certificates
Eastern (N. H.)—Stock
Eastern Shore (Md.)—1st mortgage
Eel River—Stock
1st mortgage
Elisabeth City & Norfolk- 1st mortgage,
gold
2d mortgage, income
(cumulative)
Sinking fund debenture certificates
Elisabeth. Lex.dBig Sandy— 1st
mortg., cp, or reg..
Elmira Jeff. <£ Canandaigua.—Stock
187-920.
Elmira <£ Wiltiamsj>ort—Stock, common..
Preferred stock
1st mortgage bonds
Income bonds, 999 years to run
Erie (6 Pittsburg—Stock
mortgage, convertible into eonsolid. mort
mortgage, convertible
Consolidated mortgage free of State tax
Equipment bonds
European d No. Anurican—8tock, guar. 5 per ct
1st mort., Bangor to
Winn., Bangor loan
Eoanstnile d T. Haute—Stock ($100,000 is
pref. 7)
1st mortgage, Evansv. A
Ill., sink, fund
1st mortgage., sink, fund, (Evansv. to
T.H.)
Consol, mort., gold (for $
*,500,000)
Evansville Terre Haute & Chic— 1st mort.,
gold
2d
.
mortgage, gold
-
EARNINGB.
From mail and express
From other sources
..
.\
1,202,539
69,919
15,472
110
47
77
77
77
$1,735,588
Net earnings
—(V. 33. p. 303. 357, 468, 716,
p. 50, 51, 103, 298, 313, 430.
100
50
50
1860
1863
1862
1865
1868
500
50
100 Ac.
lOOAe
50
1,000
281,000
1880
1868
1,000
65
1871
283
Transportation
Miscellaneous, includ’g
500 Ac.
500
1,000
$304,333
343.016
246,166
126,143
$1,019,658
$715,929
291, 625,679; V. 35.
431,478,486,574,577.)
H., 16
miles; Newburyport City RR., 3 miles; Portland Saco &
miles; Portsmouth & Dover, 11 miles; Portsrn. Gt. Falls Portsmouth, 51
A Conway, 71
miles; Wolfeboro Railroad, 12 miles; total
operated, 283 miles.
The company became embarrassed iu
1875 and compromised with its
bondholders by the issue of a general
mortgage to fund all the prior non¬
mortgage debts, the new bonds to bear 3*2 per cent for three
years from
1876, then 4*« per cent until September, 1882, and 6
per cent thereafter.
Mortgage notes are $684,300, secured by real estate. The last
annual
report was published in V. 35, p. 705.
Operations and earnings for five
years past were as follows:
Miles.
282
282
282
282
Passenger
Mileage.
61,706,681
611,000
2.078,000
775,000
325,000
4,950,000
2,000,000
6,500,000
EXPENSES.
736; V. 34, p.
685,000
1852
1854
1876
1869
1872
Maintenance of way...
Rolling stock
Total
91,800
1,000
100-
Freight (ton)
Gross
Mileage.
39,116,073
44,996,094
Net
Receipts.
$2,422,394
Receipts.
$871,810
2^4
3,088,000
300,000
75,000
1.000.000
J. A D.
/
6 g.
6
6
6
5
3,500,000
500,000
500,000
500,000
1,000,000
570,000
1,998,400
249,200
J.
5
1
2,792.800
140,000
900,000
1,000,000
250,000
2,500,000
1,000,000
3,000,0u0
1,000
3
6
6 g.
4.500,000
2,236,000
1,000
1,000
Payable
194,400
13,425,274
492,500
1869
'
When
Cent.
$4,997,600
1,000
1,000
1,000
Rate per
Outstanding
1876-90
1,000
Eastern, Mass.—Sept. 30, 1882, owned from Boston,
Hampshire State Line, 41 miles; branches—Salem to Mass., to New
Marblehead, 4
miles; Beverley to Gloucester, 17 miles;
miles; Revere to E.Bost., 3*2 miles; Peabody Salisbury to Amesbury, 4
to Wakefield,8 miles; Salem
to Lawrence, 20miles;
others, 22 miles; leased—Eastern RR. of N.
Years.
[VOL. XXXV.
INTEREST OR DIVIDENDS.
Amount
100
114
56
146
51
109
144
55
55
190
taxes
Total
1,000
1,000
1,000
1,000
345
Reorganization mortgage bonds, gold
freight
1880
1881
1881
1872
17
Marquette—Preferred stock
$447,657
£4
75
75
100 Ac.
500 Ac.
100
100 Ac.
100
’74-’80
Flint & Holly RR. (sinkg fund
$25,000 per year).
Bay County, issued in aid, guar, by lessees
FTollv W»rT(r>
ALtnrnp. ict mort.. sinking fund.
From
1882
81*2
8112
8112
Fitchburg—Stock
Bonds, coupons, ($3,500,000 authorized)
Flint &
From passengers
16
38
94
100
1st
2d
Pere
BONDS
great favor by giving Immediate notice of any error discovered In
these Tables.
Miles Date Size, or
For explanation of column
of
headings, Ac., see notes of
Pfir
on first
page of tables.
Road. Bonds Value.
'
AND
2*2
3*2
6
5
1%
7
7
7
7
Where Payable, and by
Whom. r
A J.
M. A S.
M. A 8.
Boston.
do
Boston and London.
Boston, by Treasurer.
Philadelphia.
....
Q.-M.
F. A M.
M. A S.
Yearly.
A. A 0.
M. A. S.
....
M.
J.
J.
A.
A N.
A J.
A J.
A O.
Q.-M.
J.
A.
J.
A.
A.
J.
M.
J.
M.
J.
M.
J.
A
A
A
A
A
2h2
6
A
6
A
7
A
7
A
6 g.
A
6 g.
A
0 g.
A
3
J. A
5, 6 A 7 A. A
J. A
3^2
6 g. A. A
10
M. A
10
M. A
8
J. A
j
Saburlben will confer
STOCKS
Boston, by Treasurer.
New York.
N.
Y., Dominick A D.
New York.
pal,When Due
Stocfcj—Lflgj
Dividend.
July 15.1873
Sept. 15,1886
Sept,, 1906
Deo.
15,1881
c
Dec*. 5,
i882
8ept, 1, 1920
Jan.
1, 1970
Oct. 1, 1892
Mar. 1, 1902
Baltimore, N. Cent. RR.
(?)
Phila., Penn. R. R. Co. Nov. 1,
1882
do
do
July 1, 1882
do
do
do
do
N. Y., Union Trust Co.
do
do
do
do
do
do
do
do
J.
O.
J.
O.
O.
Bangor.
J. Bost., Merck. Nat. Bk.
N.
Company’s Office.
J. N.Y.,Farm. L'auA T.C >.
N.
do
do
J.
do
'
do
N. N.Y.,Farm.L’an A T.Co.
J.
do
do
D.
Boston, Office.
O.
do
J. N. Y., Mer. Ex. Nat. Bk.
O.
do
do
N. N. Y.t Mechau. Nat. B’k.
S.
New York.
J. N.Y.. Merck. Nat. Bank.
Jan. l, 1910
Oct. 1, 2862
Deo. 10, 1882
July 1, 1882
April 1, 1890
July 1, 1898
Oct.
Oct.
Jan.
Jan.
Jan.
Nov.
1, 1900
1, 1882
1, 1894
1, 1883
1, 1887
1, 1887
July 1, 1921
Nov. 1, 1899
Jan. 1, 1902
Jan. 1, 1883
1694 to 1900
Jan. 15, 1883
Oct. 1, 1920
May 1. 1888
Sept. 1, 1887
Jan. 1, 1901
and the lease wavs transferred to the
Pennsylvania Co. The lease has
been quite unprofitable to the
lessees; in 1879 the defloieuey paid by
them was $232,653; in 1880,
$242,819; and iu 1881, $233,522. Win, L.
Scott is President, Erie, Pa.
European d North American.—Sept. 30, 1882, owned from
Bangor,
Me., to Vaneeboro (State Line), Me.. 114 miles. Road was
worked in
connection with the St. John <fc Maine,
making an unbroken line
Bangor, Me., to St. John, N. B., 205 miles. In 1875 default was from
made,
and a uew companj* was
organized October, 1880, which issued new
stock ($2,500,000) for the land grant,
mortgage.
The company had
a land grant of 750,000 acres in the
State of Maine. On Aug.
31,' 1882,
made to the Maine Central for 99
years from April 1,
1882, for $125,000 per annum, equal to 5 per rent
per annum on the
stock, and assuming the bonded debt.
(V. 33, p. 621 ; V. 35, p.
160,211.)
'
a
lease
was
r
Evansville & Terre Haute— Aug. 31. 1882. owned from
Evansville,
Ind., to Terre Haute, Ind., 109 miles; Owensville branch
and extension.
37 miles; total
operated, 146
miles.
Formeily the Evansville
A Crawfordsville RR. Co.
Gross earnings. 1830-81,
$688,758; net,
$202,170. Gross earnings, 1381-82*, $826,427; net, $374,781
(V. 33,
p.
467, 343, 502
;
V. 35, p. 484.)
Evansville Terre Haute & Chicago.—Juno 30, 1331, owned from
Terra
Haute Junction, Ind., to Danville, Ill., 49
miles; leased, 6 miles; total
operated, 55 miles, It uses 6 miles of the track of the Rockville Exten¬
sion into Terre Haute; also leases the Indiana
Block Coal road. 14
miles. On April, 30, 1880, a lease to the
Chicago & Eastern Illinois
was made for 999
years; terms, $75,000 per annum and the
by the C. & E. I. of all rentals and taxes paid by E. T. H.assumption
& C. The
bonded interest was reduced to 6 per cent an l
preferred stock for $100,Ooo issued for overdue coupons.
Josephus Collett, President, Terre
Haute, Ind.
65,403,019
2,485,977
994,785
77,081,998
61,707,305
2,905,056 1,034,927
83,411,100
63.099,873
3,094,273 1,124,600
283
193,871,712
68,479,129
3,403,077 1.110,109
FVchburg.—Sept. 30, 1881, owned from Boston, Mass., to Fitchburg,
—(V. 32, p. 15, 6S7; V. 33, p. 527; 561; V.
35, p. 21, 577, 602, 705.) Mass, (double track), 50 miles; branches—Charlestown, 1 mile; North
Eastern (N. IT.)—Sept. 30,
18^1, owned from Portsmouth, N. II.. to Cambridge to Waltham, 7 miles; South Acton to Marlborough, 12 miles:
Beabrook (Massachusetts State
Line), 16 miles. It was formerly leased Peterborough & Shirley, Ajrer, Mass., to Greenville, 24 miles; leased
for 99 years to the Eastern
and operated—Vermont & Mass.
RR., Fitchburg to Greenfield, 50
(Mass.)
Oct. 1, 1878, for 60 years and two RR., and a new lease was made from miles; Turners Falls
Branch, 3 miles; Troy & Greenfield RR., Green¬
months at $22,500 per year,
equal to field to North Adams, 37
4*2 per cent per annum.
miles; total, 190 miles. The Troy A Greenfield
Moody Currier, President, Manchester, N. H.
RR. and the Hoosac Tunnel, owned
by the State of Massachusetts, have
Eastern Shore (Md.)—Dec.
31, 1881, owned from Delmar to Crisfleld, been operated by this company, and are now contracted to it for seven
Md., 38 miles. The road was sold in foreclosure Feb.
years from Sept. 30,1880.
The annual report for 1880-81 in Chron¬
19, 1879, subject
to the first
mortgage. George R. Dennis, President, Kingsland, Md. i;e- icle, V. 33, p. 685, said : “The increase in expenses, which reduced the
organized. and in 1882 a new mortgage was issued at 5
net earnings so largely, is
per cent, and
partly explained below; much of it was
prior mortgage bonds exchanged.
Stock, $460,000. Gross earnings in doubtless due to the very low rates on through business for part of the
1881, $68,616; net, $13,782. (V. 35, p. 160,
year, and something also to the general increase in cost of labor and
404.)
materials.” The result of the year was as follows : Net
Bel River.—Deo. 31, 1881, owned
earnings, $528,from Logansport., Ind., to
Butler, 392; interest, rentals and 7 per cent dividends, $692,991; deficit for
Ind., 94 miles. This was formerly the Detroit Eel River A
Illinois RR., the year, $164,599.
•old under foreclosure
July 6, 1877, and reorganized under present
name Dec. 10, 1877.
Operations and earnings for five years past were as follows:
In August,
Louis A Pacific Railroad for 99 1879, it was leased to the Wabash St.
Passenger freight (ton)
Gross
years, at a rental of 3 per cent per
Net
Div.
annum on the stock for
Years.
Miles.
two years, 4 per cent for three
Mileage.
Mileage.
Receipts. Revenue, p.ct.
years, and 4*2
per cent thereafter.
152 30,690,340 53,224,939
$1,920,413 $342,179
6
152 32,266,503 68,041,193
1,937,934
Elizabeth City & Norfolk.—December
347,620
0
152 35,094,145 92,832,640
31,1881, owned from Norfolk,
2,079,973
379,202
6
Ya., to Edentcn, N. C„ 75 miles.
190 39,752.302 109,323,290
Capital stock, $1,000,000. (V. 34,
2,454,598
488,851
8
p. 62.)
18S0-81
19) 42,854,047 114,507,916
2,612,595
237,811
7
Elizabethtown LexingUm d Big Sandy.—Road owned
-(V. 32, p. 43, 334; V. 33, p. 622, 685 ; V. 34, p. 146, 488.)
February, 1882 :
Big Sandy River (C. A O. Junction) to Ashland, 8
miles; Straits Creek
Flint & Pere Marquette.—Dec. 31,1881, owned from
Junction to Lexington, 102
Monroe, Mich., to
miles; leased—Ashland to Straits Creek Ludington, Mich., 253
Junction. 22 miles; total
operated, 132 miles. Charter jau-inits exten¬ miles; Flint Junction to miles; branches—Bay City to East Saginaw, 12
sion to Elizabethtown.
Otter Lake, 20 miles; South
It is the
Saginaw branch,
connecting line of the Chesapeake A 4 miles; Harrison branch, 15 miles; Manistee
Ohio and controlled
branch, 25 miles,
by the same parties. Authorized capital of the.
leased—Saginaw & Mount Pleasant Railroad, 15 miles; total oper¬
company is $5,000,000. with a provision in the
charter to increase it to ated, 345 miles.
A Receiver was
$10,000,000. Amount issued, $4,184,200 (V.
32, p. 544; V. 34, p. 292.' road was sold August 18, 1880, underappointed in June, 1879; the
the consolidated mortgage, and
Elmira Jefferson &
Canandaigua.—Dec. 31, 1881. owned from Canan¬ reorganization was made andpreferred stock ($6,500,000) issued for tne
daigua, N. Y., to Watkins, N. Y., 47 miles. The road
consolidated mortgage bonds, and common stock
was foreclosed and
($3,500,000) is to be
reorganized under present name Feb.
18, 1859. It was leased to New issued for the old stock. The common stock Las no present right to vote
York A Erie for 20 years from
or to receive dividends, and will
Jan. 1, 1859, and the lease
be i-sued only after the preferred
transferred
to N. Cen.
RR.^iu 1866 at a rental of $25,000 per year. Lease termi¬ stockholders have received 7 per cent yearly dividends for five con¬
nated Jan., 1379, and road uow
secutive years. The
operated at cost by Northern Central.
preferred stock is not cumulative, and after 7 per
Gross earnings in 1881,
cent per annum is paid on both elasse* of
$354,186; net, $90,157.
stock, the balance of income,
if any, is to be divided
ratably. On
1882, the
Etnfira & Williamsjyort.—Deo. 31, 1881, owned from Williamsport, Pa., hand for lands sold were $902,059, and Jan. 1,yet unsold land notes on
lands
to Elmira, N. Y., 76 miles.
138,454 acres.
This company was
reorganized under the Annual report for 1881 in V. 34, p. 520. Earnings for four years past
present name Feb. 29, 1860, and leased to
the Northern Central Rail¬ were as follows
way for 999 years from May 1,
1863, at a rental of $155,000
1878.
annum
1879.
•ince Jan. 1, 1880. The
1880.
1881.
dividends on the common stock are per
5 per cent
°Earnings—
$
and on the
$
$
$
preferred 7 per cent. Operations are included In the North¬ Passenger
431,078
ern Central returns.
452,007
565,288
655,478
Freight
592,874
653,630
991,369
1,157,367
/
Mail, express, Ac
Dec. 31, 1881, owned from
32,005
45,558
39,967
72,568
Newcastle,Pa., to Girard,
Pa., 82 miles; branch, Dock Junction to
Erie Docks, 3 miles; leased— Total
Girard to Erie, 15 miles; total
gi oss earnings
1,056,017
1,151,201
1,599,624
1,885,413
operated, 100 miles. Road opened in 1865It was leased to the
Op’g expen’s A taxes
667,231
745,912
Pennsylvania RR. for 999 years from March
1,1*5,929
1,315,322
1,
1870, at a rental of 7 per cent on stock
and interest on the
bondn. Net earnings
388,780
4.03,289
453,695
570,091
....
....
...
Dbcehbkp,
RAILROAD
1882.
Subscribers will confer a great favor
DESCRIPTION.
9nr
F0
on
by giving immediate notice of any error discovered In these Tables.
first page of tables.
Central tf* Western—1st mort.. gold
Fonda JohnsUuvn <& Gloversville— 1st mortgage
Florida
Oonsol. raorrga m
Date
of
of
Size,
or
Par
Amount
1882
1870
1880
1880
Value.
Outstanding
$1,000
Road. Bonds
59
10
26
100
100
100
128
Frederick dt Pennsylvania Line—1st
Fremont Elkhorn tit Mo. Valley—1st
1st mortgage
Income
mortgago
mortgago
bonds
1st mortgage, new
Galveston
Harrisb.it S. Antonio—1st mort, gold, 1. gr.
28
51
39
51
106
256
226
675
675
50
....
Mexican & Pacific
Extension, 1st mortgage, gold
2d mortgage
do
do
200,000
700,000
2,284.800
429,000
4,000,000
....
1881
1.000
1870
1,000
1871
500 .fee.
1879
1,000
1876
1880
’71-’80
1,000
Hend. of 1871—1st mort
Ithaca dt Sayre— 1st mort., s. f., gold
Galveston Houston dt
Geneva
35
Geoi'pia Pacific—
Georgia Railroad dt Banking Co.—Stock
Bonds, not mortgage
Bonds, not mortgage
Macon & Augusta, 1st mortgage
Grand Rapids it Indiana—Stock
1st mort., land grant, gold (guar, by Pa. RR;
1st mort., gold, ($1,895,000 are land grant)
income mortgage bonds, for $10,000,000
Qrecn Bay Winona it St. Paul— 1st mort. coup
2d mort. inc-mio bonds, reg., noil-cumulative
Gulf Colorado dt Santa Fe— 1st M., g. ($12,000 p.m.;
Barmibal dt St. Joseph—Common stock
Preferred stock (7 p. c. yearly, not cumulative).
Bonds 1870, convertible
Land grant
bonds, secured by land notes
307
77
332
332
332
332
219
219
503
292
292
292
•
.
•
.
1880
1,000
1881
1,000
1,000
1,000
100 &c.
1872
1870
....
77&80
1867
100
500
1.000
1,000
100
1869
1869
1875
1881
1881
1879
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1870
1878
m
^
„
1.000
INCOME ACCOUNT.
1881.
Receipts—
Netearuings
$570,091
Disbursements—
Interest on debt
$322,118
357,500
'
Dividends
Loss on cargo
3,935
“St. Albans”
Total disbursements
$683,553
Balance, deficit
$113,462
For six months of 1882 road showed a surplus over all expenses and
flxod charges of $250,602. (V. 32, p. 288, 575 ; V. 33, p. 254; V. 34,
p.
60, 520; V. 35, p. 211.)
When
Where
pul, When Due.
Stocks—Last
Dividend.
Payable, and by
Whom.
Payable
Mar.
1, 1922
July 1, 1900
M. & S.
Philadelphia. Pa.
J. & J. N. Y., St. Nieh. Nat. B’k.
do
do
A. & O.
A.
0. New York or London.
May 1, 1920
1, 1905
May 4, 1882
April
....
6
6
7
7
7
7
6
7
5
6
7
7
2,750,000
500,000
690,000
274,000
317,082
957,000
1,600
1881
5 g.
7
6
7 g.
2
300,000
8781
1
2d mortgage.
Rate per
Cent.
$2,803,000
100 &c.
100 &c.
500 &c.
1879-0,
8781
dt Northwestern—1st mort., gold
Jackson—Pref. stock, 8 per cent
(Jommon stock
fort Wayne Cincinnati <£■ Louisville—Stock
Fort Worth dt Dcnv. City—1st M.,gold ($25,000 p.m.)
Fort Madison
Fort Wayne dt
..u..«4-rnuci-
INTEREST OR DIVIDENDS.
Miles
explanation of column headings, &c., see notes
BONDS.
AND
STOCKS
4,800,000
1,000,000
13,500.000
6,750.0b0
1,493,000
600,000
3.000,000
4,200,000
g.
g.
g.
g.
g.
J.
A.
A.
A.
A.
A.
F.
J.
M.
J.
J.
J.
234
&
&
&
&
&
<fc
&
&
&
&
&
&
O, Boston, Everett Nat.Bk.
Q.-J.
Augusta,Ga., RR. Bank,
do
do
do
2,905,000
1,095,000
1.600,000
3,781,000
6,036,000
9,168,700
5,083,024
4,000,000
90,000
Feb. 1, 1910
June 1, 1905
May
July
July
July
1931
1931
1902
1890
Oct. 15, 1882
do
1897 & 1910
1887
J.
F. & A. N. Y., Company’s Office
M. & S. N. Y., B’k. No. America.
J. <fc J. N. Y., Farm. L. & T. Co.
8
7
1,
1,
1,
1,
Yearly to 1890
3*2
296,000
4,985,081
4,000,000
1921
do
I. & J.
J. & J.
J. & J.
7 g.
7 g.
7
6
8
7 g.
2.000,000
i,
1900
1901
1899
1886
1900
A. N.Y., D.,M.&Co.,&Lond.
D. N. Y., Drexel, M. & Co.
New York.
N.
do
J.
J. N.Y., R. Sage, 78 B’way.
J. N. Y., Metrop. Nat. B’k.
7
6
7
289,500
Dec.
D. N. Y., Mercantile Tr. Co.
O. Pennsylvania RR. Co.
O. N. Y., Nat. Park Bank
do
do
O.
do
do
0.
do
& J. N. Y., Third Nat. Bank.
& O. N. Y., Winslow, L.
Co.
do
do
& S.
& A. N. Y., Nat. City Bank.
do
do
& N.
J. & J. N.Y.Nat.City Bk.&Galv.
A.
M.
F.
M.
1899
1899
1906
Feb. 1, 1911
May 1, 1911
July 1, 1909
Aug. 1, 1882
Mar., 1885
Jan. 1,
1888
Galveston, Tex., to Houston, Tex., 50 miles. The road was opened in
1853-4 and sold in foreclosure Dee. 1. 1871, and reorganized. In 1879
a foreclosure suit was begun by N. A. Cowdrey, one of the trustees of
the mortgage.
In July, 1880, the company defaulted on its interest.
Road placed in trustee’s hands in September, 1880. In March, 1882. a
decree of foreclosure was made, and road was sold Aug. 1, 1882, for
$460,000, and purchased in the interest of Jay Gould aud Russell Sage.
agreement with the purchasers, are to receive new
their old bonds. The capital stoek was $1,000,000.
—(V. 33, p. 441, 502; V. 34, p. 146,344, 378, 460; Y. 35, p. 160, 211, 637.)
The bondholders, by
5 per cent bonds for
Geneva Ithaca dt
Sayre.—Sept. 30, 1881, owned from Geneva, N. Y., to
Y., to Cayuga, N. Y., 38 miles;
Organized Oct. 2,1876. as successor of the
Sa3rre, Pa., 75 miles; branch, Ithaca, N.
total
operated, 113 miles.
Florida Central dt Western.—Jacksonville to Chattahoochee, 208 miles,
and branches from Tallahassee to St. Marks, 21 miles; and from Drifton
to Monticello, 4 in.; total, 234 miles. This was a consolidation in Jan.,
1882, of the Florida Central, the Jacksonville Pensacola & Mobile,
&o. The capital stock was then reported as fixed at $3,000,000, divided
into 30,000 shares, of wnich Sir Edward Reed took 10,000; Wayne
Geneva Ithaca & Athens RR., which had been formed by consolidation
of the Geneva & Ithaca and Ithaca & Athens railroads, May 25, 1874.
In 1880 absorbed the Cayuga & South. RR., 37 miles. The G. I. & A.
having defaulted on its interest was placed in the hands of a Receiver,
March 4,1875, and the road was sold in foreclosure Sept. 2,1876, and
Reed and MacVeagh jointly, 11,000; Henry Arny,
3.000; W. T. Carter, 2,000; Walter Hiiielimau, 1,500, and C. S. Hinclimau, 1,500.
(V. 32, p. 100, 334; V. 33, p. 124, 527; V. 34, p. 60, 315.)
Fonda Johnstown <t Gloversville.—Sept. 30, 1882, owned from Fonda
to Nortliville, 26 miles Road opened Dec. 1, 1870. The stock is $300,000. In 1881-82 8 per cent dividend was paid.
Not earnings, after
deducting interest and rentals, in 1880-81, 38,230; in 1881-82,
$26,157. W. J. Heacock, President, Gloversville, N. Y.
Fort Madison dt Northwestern.—April, 1882, owned from Fort Madi¬
son, la., to Birmingham, la., about 45 miles. Projected line, Fort Madison
to Oscaloosa, la., 100 miles.
Under construction, and bonds sold in
New York, 1881, and also offered in London May, 1882. Earnings in
1881-2, $47,462; net, $20,727. Stock, $354,700. Y. 34, p. 604.
Fort Wayne dt Jackson.—Dec. 31,1881, owned from Jackson, Mich., to
Fort Wayne, Ind, 100 miles. This road is successor to the Fort Wayne
Jackson & Saginaw, which made default on its bonds and was sold in
foreclosure Dec. 3, 1879. In 1882 leased to Lake Shore & Mich. South.
for
years at a rental of $
Gross earnings in 1881, $£95,502;
net, $117,602. (V. 35, p. 131, 298.) ^
Fort Wayne Cincinnati <C- Louisville.—From Fort Wayne, Ind., to Connorsville, Ind., 109 miles; branch to Rushville, Ind., 24 miles; total
The Fort Wayne Muncie & Cincinnati Com¬
operated, 128 miles.
pany defaulted and a receiver was appointed Nov., 1874.
The road
was sold in foreclosure. July 27, 1S81, to Elijah Smith, for the bond¬
holders, for $1,000,000. 1 he bondholders reorganized under this name.
(Seo plan, V. 32, p. 577.; Elijah Smith, President, Boston, Mass. (V.
common
Mac Veagli, 1,000;
.
&2,
p. 121, 577; V. 33, p. 100, 153; V. 35, p. 131.)
Fort Worth dt Denver City—Bond in progress from Fort Worth, Texas,
northwest to the Canadian River; anu in July, 1882, in operation to
Wichita Falls, 115 miles. Being built by Texas & Colorado Improve¬
ment Co., G. M. Dodge, Pres. Stock $25,000 per mile; par value of
shares, $100.
(V. 33, p. 384, 716; V. 34, p. 453, 522, 604,679; V. 35,
p. 23, 131, 313, 431, 457, 486, 602.)
Frederick dt Pennsylvania Line.—Dec. 31,1881, owned from Kingsdale
to Frederick City, Md„ 28 miles. It is leased to Pennsylvania RR.,
which pays interest on first mortgage. Preferred stock held by Penn¬
sylvania RR., $460,000; common stock, $312,528. John Loats, Pres.,
Frederick
City, M(l.
Fremont Elkhorn dt Missouri Valley.—Fremont to Longpino, Neb.,
and Norfolk Junction to Creighton, Neb., 254 miles.
Leased to Sioux
City <fc Pac. RR. The rental is 33*3 per cent of gross earnings. Stoek,
$1,324,500.
(V. 35, p. 235.)
Galveston Harrisburg dt San
Antonio.—Deo. 31, 1881, owned from
Harrisburg, Tex., to San Antonio,Tex., 215 miles; Houston to Harris¬
burg, 11 miles; Lagrange Extension, 30 miles. Total operated, 256
miles. The extensions to the Rio Grande at Eagle Pass and to El
Paso were completed late in 1882. This was a successor to the Buffalo
Bayou Brazos & Col. Railway. The road was opened to San Antonio
this company
organized in tlio interest of the Lehigh Valley RR.
The
stock is $1,275,000; preferred. $400,000. Gross earnings in
$318,464; expenses, $427,999; deficit, $109,535; gross in
$462,920; expenses, $452,725; net, $10,195. R. A. Packer is
President, Sayre, Pa.
Georgia Pacific.—Projected line from Atlanta to Mississippi River.
Built by Richmond & Danville Extension Co., which has $5,000,000
subscribed capital, half of which was paid in up to June, 1882. (V. 33,
p. 201; V. 34. p. 60, 575, 687; V. 35, p. 71, 189, 291, 297, 405, 603.)
Georgia Railroad dt Banking Company.—Augusta, Ga., to Atlanta, Ga.,
Washington and Athens, 60 miles; Warrenton,
Ga., to Macon, Ga., 76 miles; total operated, 307 miles. The West¬
ern RR. of Alabama, purcnaseu in may, 1875, at foreclosure, is owned
kk. or Aiaoama, purchased
May, ia/a,
ioie«
The Maconal &
jointly with the Central RR. of Georgia. The Macon & Augusta RR.,
Augusta RR.
76 miles, is owned by this company. The Port Roy;
for 99
is owned in part by this company. In April, 1881. a le
171 miles; branches to
35, p. 430 )
Grand
Rapids dt Indiana.—Dee. 31, 188
Ina., to Bav View Mich., 332 miles;
leased ami operated: Cm. Richmond
Wayne RR.. 86 miles; Allegan & S. E. RR., 11 miles; Traverse
Citv Railroad, 26 miles; Bay View Little Traverse & Mackinaw Rail¬
road, 6 miles; total, 462 miles. This road was opened in May, 1874.
For the terms of the lease of Cincinnati Rich. & Fort Wayne Railroad—
see that company in this Supplement.
The Grand Ran. & Ind. RR. is
operated in the interest of the Pennsylvania RR. Co., and $4,000,000 of
the first mortgage bonds are guaranteed by that company, which buys
the coupons each year that remain unpaid by the earnings, and on Jan.
I, 1882, $1,862,170 unpaid coupons were held by Pa. RR. and Pa. Co.
First mortgage bonds redeemed by the sinking fund are replaced by
income bonds issued. The company had laud grants amounting to
852,960 acres, aud sold in 1881 46.766 acres, for $615,283. The lands
unsold on Jan. 1. 1882, were 530,356 acres. The assets were $1,126.529 cash in hands of trustees; $751,880 bills receivable, and cash with
cashier, $59,748. Operations aud earnings for four years past ou main
& Fort
line
were as
Years.
follows :
Miles.
332
332
332
332
-(V. 33, p. 47, 225,
347.)
Passenger
Mileage.
15.184,660
17,S23,880
21,309,396
24,661,483
622, 716; V.
Freight (ton)
Net
G 1*088
Earnings.
Earnings.
42,437,701
$1,200,629
$242,458
51.267,197
1,345,134
1,692,754
1,940,570
Mileage.
69,801,159
79,316,473
34, p. 315, 602
663;
432,645
476,745
562,890
V. 35, p.
23, 51.
owned from Green
10 miles; total, 219
miles. This was a reorganization in 1881 of the Green Bay & Minne¬
sota, which company made default aud the road was sold March 12,
1881. See full statement of debt and plan of reorganization in Chron¬
March 1, .1877. The capital stock on the old road is $11,720,686.
The icle, V. 31, p.453. Pref. stock is $2,000,000, and entitled to 7 per
1st mortgage covers the property and about 1,800,000 acres of land. cent when earned, aud common stock $8,000,000, both stocks in $100
The proceeds of land sales are used to retire the bonds, and a sinking shares.
In 1881 net earnings were $70,774. (V. 33, p. 441, 580,
fund of 1 per cent begins in 1880, but it is optional with bondholders to
surrender their bonds, if drawn. In June, 1881, a controlling interest
iff the stoek wus bought by Southern Paciflo parties. The mortgages on
the Mexican Pacific extension cover 640 miles of road, from San Antonio
to El Prho, and the Eagle Pass branch, 35 miles—675 in all.
The
land grant is sixteen sections (10,240 aores) per mile.
Earnings, &o.,
for four years were;
"
„
1S78.
1879.
$792,014
$818,766
Gross earnings
$1,325,846 $1,390,670
Operating expenses.......
533,832
571,904
Net earnings
1880.
1881.
$799,165
$530,872
$1,392,890 $1,258,917
593,725
755,045
Interest paid
$367,8823 $39,288 $354,784 $370,593
;-(V. 34, p. 114, 315, 522, 707; V. 35. p. 78. 103,213,266,347,405.
431, 456, 578.)
Galveston Houston dt Henderson of 1871.—Deo. 31, 1881, owned from
Green Bay Winona <£ St. Paul.—Dee. 31, 1881,
Buy, Wis., to Marshland. Wis., 209 miles; branches,
587, 641, 736; V. 34, p. 264.)
Gulf Colorado dt Santa Fe—Aug. 1,1882. mileage was as follows:
Main line, Galveston to Lampasas, 274 miles; Fort Worth Division, Tem¬
ple to Fort Worth, 128 ; Northeastern Division, Cleburne to
Dallas, 53;
North. RR., 72;
of which 67
(63 miles),
under new
regime August, 1880, aud has beemrapidly extended.
Boe report in V.
35, p. 429. Stock July 31,1882, $3.48 >,000. Gross eamlugs in 1880-81
on an average of 212 miles of road. $777,435. net, $253,751; in 1881-82,
ou 361 miles, gross $1,251,073. net $440,117.
George Bealy, President.
Galveston, Tex. (V. 33, p. 47, 470, 502; V. 34, p. 114, 344, 479, 488,
Eastern Division, Somerville to International & Gt.
Houston Division, Alvin to Houston, 23; total 550 miles,
miles were under construction. Road opened late In 1878
and sold and reorganized April 15, 1879. Formally opened
715; V. 35, p. 339, 347, 429 )
Hannibal dt St. Joseph-December
Mo., to St. Joseph, Mo„ 206 miles;
^
_
Hannibal.
branches—Cameron to Kansas City,
31, 1881, owued tram
XXXU
EAILEOAD STOCKS AND
Subscribers will confer
a
BONDS.
great favor by giving immediate notice of
any error discovered in these
DESCRIPTION.
Miles
Date
Size,
or
Par
For explanation of column
headings, Ac., see notes
of
of
on first
page of tables.
Road. Bonds
Hannibal <& St. Joseph—(Continued) —
Consolidated mort. (for $8,000,000)
Bonds Quincy A Palmyra RR
Bonds Kansas City A Cam. RR
Harrisb. PortsnTth Mt. Joy cC Lane.—Stock
292
Value.
1881
15
53
54
54
28
44
69
126
126
$1,000
•
dc Potomac—1st mortgage, coupon
Hartford dc Conn.Val —Bonds forexten. ($100,000)
.•
1st mortgage, coupon
2d mort. bonds of 1869
3d mort., reg
187-90.
1873
1872
1,000
1,000
1.000
4,117,000
100
500 Ac.
500 Ac.
500 Ac.
500 Ae.
1S65
1869
18S0
1873
1878
1,000
1,000
1866
1870
58
1875
1,000
1881
58
58
58
1854
1857
1865
1,000
500
500
1,000
.
ioo
1,320
100
£200
£200
£200
....
706
706
706
111
101
147
542
202
.-.
($10,000,000)
6
7
1875
1874
1875
1877
1,000
1878
1,000
1875
1*87*9
ioo
100 Ac.
n
-
-
When
Payable
-
Payable, and by
Whom.
lk:
.
•
•
Q.-J.
7
6
5
7
7
7
7
7
8
8
6
7
7
5
7
Stocks—Last
Mar. 1,19u
•fan., 1892
Jan., 1892
July 10,1882
July 1, 1883
1, i9oi
Jan.
Dec*'i','1882
•
.
2
Bonds—PrffiTr
pal,When Due.
Dividend.
....
Bridgeport A Boston.
Bridgeport, Office.
Oct.* IQ, 1882
F. A A.
Aug. l, 1885
J. A J.
do
do
July 1, 1889
A. A O.
do
do
April 1, 19K)
F. A A.
Bridgeport.
*eb. 1, 1883
M. A N. N. Y., Union Trust Co.
g.
1898
g.. J. A J. N. Y., J. J. Cisco A Son.
July 1. 1891
<r
J. A J.
do
do
July 1, 1891
do
g- J. A J.
do
July 1. 1903
A. A O.
do
do
Oct. 1, 1912
M. A N.
do
do
May 1, 1915
A. A O.
g.
do
do
April 1, 1921
g. A. A 0.
Philadelphia, Office.
Oct. 1, 1890
do
g. F. A A.
do
Feb. 1. 1895
A. A 0.
do
do
April 1, 1895
J. A D.
do
'
do
Dec, 1, 1889
M. A S.
3-2
N. Y., Treas.’ Office.
Sept. 1. 1882
o
j. A J.
do
do
Jan. 2, 1883
6 g. A. A O.
London.
April 1, 1805
5 g. A. A O. London,Morton R.A Co.
April 1, 1903
5 g. J. A D.
do
do
Dec. 1, 1905
6
J. A J.
N. Y., Treas.* Office.
Jan. 1, 1898
5
F. A A.
do
do~'
Aug. 1, 1921
7 g. J. A J.
Jan.
81,000
4.300,000
416,000
367*500
1,497,000
123,115
29,000,000
10,000,000
2,500,000
4,150,000
1,000,000
1,600,000
600,000
4,175,000
8,140,400
575,000
1, 1905
....
7
J.
..........
A J. N.
53
miles; St. Joseph to Atchison, Kans., 19
Palmyra to
Quincy, Ill., 13 miles; total operated, 292 miles. miles;main line
The
was
opened February, 1859. The company had a
Congressional land
grant, and received
Where
M. A 8. N. Y., B’k. No.
America.
F. A A.
do
do
J. A J.
do
do
J. A J.
Phila., Co.’s Office.
J. A J.
do
do
J. A J. Pliila., Third Nat. Bk.
3*2
700,000
507,200
ioo
....
522
Mortgage bonds, sterling
Sterling bonds, (sinking fund £20,000 yearly)....
Mortgage, sterling
Bonds, coup. ($2,000,000) M. onCli. A Sp. RR
Bonds, reg., mort. on Middle Div
Illinois Midland— 1st mortgage,
gold
Indiana Bloomington <£ West.—Stock
1st mort., pref., coup, or
reg
500 Ac,
100 Ac.
(?)
2,700.000
820,000
1,180,000
100,000
300,000
300,000
150,000
980,000
6,262,000
2,270,000
1,140,000
of 1873
2d mortgage, gold
3d mortgage consolidated
Scrip for interest 1st and 2d
6
8
10
433,000
1,200,000
1,182,550
.
74
Houst. Last & TTesf Texas.—1st
mortgage, gold
Houston dc Texas Cen t.—1st M., (main)
gold, l.gr.,s.f.
1st mort., 1. gr., West div.
(Hempstead to Austin)
1st M., gold.Waco AN’west (Bremond to
Ross)
Consol, mort., land grant, Main and Western Div.
Consol, mort., land grant, Waco A Northwest
Gen. mort., gold (for
$18,500,000)
Huntingdon <£ Broad Top—1st mort., gold
Rate per
Cent.
$3,000,000
111
345
119
58
464
Hartford <£ Connecticut Western—Stock
Housaton ic—Stock
Preferred stock
mortgages
Illinois Central—Stock
leased line 4 per cent stock
Amount
*50
—
1853
1874
Tables,
INTEREST OR DIVIDENDS.
Outstanding
1867
9781
1st mortgage
Harrisburg
Equipment bonds
[VOL. xxxv.
Y., Corbin Bank’g Co
earnings 1881-2, $251,079; net, $86,401.
Houston.
gross
(V. 34, p. 292, 316, 489; V. 35, v. ISO, Paul'Bremond, Pres..
339.)
Houston dc Texas Central.— Dec.
31,1831, owned from Houston. Tex.
Missouri, which to Red River
loan was repaid in cash June,
City, Tex., 345 miles; branches—Hempstead,
1881, but litigation followed as to the
interest payable on the State bonds. The
Tex., to
lamUsales for four years past Austin, Tex., 118 miles; Bremond, Tex., to Ross, Tex., 58
were as follows:
total operated, 522 miles. Texas Central
miles;
1878,15.209 acres for $152,783. average $10 45
Railroad completed from Ross
per
acre; 1879,64,272 acres for
$494,773, average $7 76 per acre; 1880, to Mount Airy, 100 miles, December 31, 1880, and construction in
74,862 acres for $551,774, average $7 37
pro¬
gress.
Opened March 11, 1873. The Austin
per acre ; 1881, 29,836 acres
Branch, or Western Div.,
for $204,107,
was opened in 1871.
The company has a land grant from the
average $6 84 per acre. In Sept., 1882, a
syndicate, in¬ Texas of 10,240 acres
State of
cluding Jay Gould, Russell Sage, and others, bought
per mile, amounting to about 5,130,720
90,000 shares of but the
common stock (as reported at
acres;
lands, as in the ease of other Texas roads, are not on the
p. 42), which had been carried for Mr.
lino
John R. Duff, of Boston,
through the corner which forced that stock to of the road, and much of the laud will be made available, it is
350 in Sept., 1881.
reported,
by the construction of other Texas roads. In 1877 the
company was
Preferred stock has prior right to a
non-cumulative dividend of 7 per embarrassed and application was made for a Receiver; but the difficul¬
cent; then common to 7; then both share.
ties were adjusted by the issue of income
and indemnity bonds (paid oft
The annual report was
published in V. 34, p. 289. The income account July, 1881), and Mr. Morgan, of the Louisiana S3. Line,
bought a con¬
for four years has been as follows:
trolling interest in the stock. The general
mortgage
$18,500,000 is made to the Farmers’ Loan A Trust Co. as of 1881 for
1878.
1S79.
1880.
1881.
trustee. Last
report of earnings gave the following:
$
$
$3,000,000 in bonds
Total gross earnings.
Bet
Receipts —
2,045,450
from the State of
1,997,405
$
2,561,390
$
Gross
2,257,231
Earn’gs.
Net Eani’gs.
$3,205,684
$1,431,913
1880 (522
773,933
3,741,000
c
1,256,800
819,939 1831 (522 miles)
1,733,677
miles).
3,748,655
288,978 —(V. 32,
1,606,782
Miscellaneous
p. 414. 488, 578, 612, 635; V. 33,
93,560
1,514
6,354
p. 404; V. 34, p.01,114,
41,795 231,
Lands A L gr. bonds.
264, 292; V. 35, p. 77, 161, 237. 653.)
580,791
297,107
63,610
37,559
Huntingdon <£ Broad Top.—Dec. 31,1881, owned from
Total net income.
Huntingdon,
Pa., to Mt.
1,454,707
1,072.601
1,326,761
1,188,271 mile Run, 5 Dallas, Pa., 45 miles; branches—Shoup’s Run,9 miles; SixDisbu rse men ts—
$
miles; and SandyRun, 3 miles; total operated, 62 miles.
$
$
Interest on debt
This road was opened in July, 1856. The
660,000
657,320
654.640
capital stock is $1,266,450 com¬
654,610 mon and
Dividends on pr. st’k.
$1,923,000 7 per cent preferred stock. Interest in default on
(6*2)330,395 (7)355,810 the
Hire of cars
consolidated mortgage bonds was funded into
5,180
stock, including April,
15,326 1881,
Old debts
coupon, and interest to be resumed at 5 instead of 7.
412,200
Add’s, to prop. A eq..
Earnings
in 1881, $332,653;
382,507
net, $165,712. (V. 32, p. 155, 363.)
139,902
112,418
108,681
Illinois Central.—Dee. 31, 18.81,
mileage was as follows : Main line—
Tot. disbursem’ts.
to Cairo, 365miles; Dunleith to Contralia, 311 miles. Branches—
1,454,707
797,222
1,132,633
1,134,457 ChicagoColfax and
Otto to
Balance, surplus...
Miuonk, 101 miles; Gibnan to Springfield,111 miles.
275,382
194,131
53,814 Total
-(V. 33, p. 73, 298, 303, 687, 734;
owned, 918 miles. Leased—Dubuque to Iowa
Y. 34, p. 32, 177, 204, 289, 315,
Falls, 14.3 miles;
314, Iowa Falls to Sioux
549; V. 35, p. 103, 189, 297, 308, 320, 575,
City, 183 miles; Waterloo to Minnesota State Line,
706.)
76 miles. Total
leased, 402 miles. Total operated Dee. 31, 1881,1,320
Harrisburg Portsmouth Mount Joy dc iMncastcr.—Dec.
owned from
Dillc-rville, Pa., to Harrisburg, Pa., 36 miles;31, 1881, miles. From July, 1832, the Chic. St. Louis A N. O. road was le.ased.
This company was
branch,
Middletown, Pa., to Columbia, Pa., 18 miles; total
organized in March, 1851, and thefwhole road
operated, 54 miles. opened September, 1855.
The property was leased to the
Pennsylvania Railroad Co. for 999 given under the names of The terms of the leased lines in Iowa arc
years from Jan. 1, 1861, the rental
those companies. The general
being 7 per cent on the stock and 1874
mortgage of
interest on the bonds. Operated as a
provides for all bonds
outstanding. The Illinois Central was
part of main line of Pehn. RR.
one of the first, and
has been one of the most
Harrisburg dc Potomac.—Dae. 31, 1881, owned from
successful, of the land
Bowmansdale to grant roads. The company acquired
Jacksonville, Pa., 28 miles; branch to mines, 2
a controlling interest
in the
miles; total operated, 30 Chicago St. Louis A New Orleans
miles. Extensions are
projected from Jacksonville to Shippensburg and
Railroad, to which it made largo
from Bowmansdale to
advances, and owned December 31, 1881,
Harrisburg. Road opened through in 1878. Bonds and
$6,670,000 of the stock
$3,632,000 of the 5 per cent gold bonus. From
authorized, $1,800,000. Stock $379,165. C. W. Ahl,
July 1,
Pres., Newville. Pa. leased the
Hartford dc Connecticut
Chicago St. Louis A New Orleans for 400 years, 1882,
Valley— Sept. 30, 1881, owned from Hartford, per cent per annum
at 4
Ct., to Fenwick, Ct., 46 miles. Opened in 1871 and
on stock, and issued the above 4
1872. In hands of line stock,
per cent leased
trustees of first
exchangeable for the Cli. St. L. A N. O. stock. The Chic. A
some time, and
mortgage for
reorganization made in Spnngf. RR.was a reorganization of
Feb., 1880, as the Hartford A Conn.
the Gilman Clint. A Spring,
in 1877,
authorized and bonds of $500,000. Valley, with stock of $1,200,000 and is leased to the Illinois Central and
On Sept. 30, 1881, the stock
virtually owned by it. The
out¬ annual report for 1881
standing was $652,000 and certificates ot debt
says: “The gross traffic of the line for tho
$119,200. In Sept., past year was
1882, the stock was sold to N. Y. N. Haven A Hartf.
$8,586,397, against $8,304,811 for the year 1880. The
See V. 35, p. 298. tonnage carried
Gi-oss earnings in 1881,
shows an increase of 5‘72 per cent over that of the
$191,926; available for interest, Ac., $22,74L. previous
—((V. 35, p. 298, 320.)
year, whlle,the gross earnings show an increase
of 3’04 per
cent.
The net result is
$3,227,181, and is $251,830 less than that of
Hartford dc Connecticut Western.—Hartford,
1380. The net receipts from all
Conn., to Boston Corners,
N. Y., 102 miles. Gross
sources were as follows: From
traffic,
earnings in
Foreclosure suit was begun in 18801880-81, $266,725; net, $16,564. $13,227,181; from laud, $123,932; from interest on bonds. $161,105;
against the former Connecticut from premium on C. 8t. L. A N. O.
Railroad bonds sold, $150,000; total,
■Western, and the State Treasurer took
bondholders re-organized, and stock inpossession. On May 25, 1881, $3,662,219. The interest on the debt and two dividends on share capi¬
new
company is issued for tal were paid, be; ides $925,380 for extraordinary expenses in
bonds. In March, 1882. the
Illinois.’*
purchase of the Rhinebeek A Connecticut Income for four
years has been as follows: s
Railroad was made for
$800,000 in the stock of this company. (V.
INCOME
32,
Net earnings
Premium on bonds...
780,356
p. 577; V. 33, p. 23, 73, 153; V. 34,
p. 231,366; V. 35, p. 602, 7 36 )
Housatonic—Sept. 30, 1881, owned from
Bridgeport. Conn., to State
Line,Mass., 74 miles; Brookville to Danbury, 6
miles; leased- Berkshire
Railroad, 22 miles; West Stookbridge RR.,
3miles;
field RR., 22 miles;
total, 127 miles. The preferred Stockbridge A Pitts¬
8 per cent stock was
issued in 1845 to pay for
laying the road witii heavy iron. The com¬
pany has voted to issue $700,000 of 5
per cent bonds to take up
$400,000
prior bonds, and to lay steel rails. The
road does a steady
business, as
may be seen from the following statement of
its oi>erations and earn¬
ings for three years past:
Years.
..
Miles.
126
126
126
—(V. 33, p. 559.)
Passenger
Freight (ton)
0,340,830
12,741,554
Mileage.
7,325,680
7,816,894
Mileage.
17,890,100
17,277,336
Gross
Net
Div. %
Earnings. Earnings. Pref.
$598,335 $248,420
8
740,997
754,513
247,283
8
273,981
8
Houston East <£ West
Texas.—Sept.
to*—, Tex., 120 miles. (Narrow 30,1882. owned from Houston, Tex.,
guage, 3 feet.) It is intended to
build to Marshall. The
company has a Texas land grant of
acres for each mile
10,240
eoiistructed and equipped. Bonds
issued to the extent
of $/,000 p. in. Stock
authorized,
$10,000,060; issued, $1,500,000;
Net earnings
Interest
Receipts—
Miscellaneous.......
Total net income
..
Disbursements—
RcntTspd.on la.lines
Interest
on
debt
Taxes
Dividends
Construction in IiJiuois
during
ACCOUNT.
1879.
1880.
1881.
year
..
Miscellaneous
Total disbursom’ts
7,140,207
$
7,249,183
8,322,127
8,586,397
4,023,748
Total gross earn’gs..
Net
1878.
8
4,207,763
4,031,810
4,423,231
68,010
102,321
$
112,000
$
161,105
72,286
113,461
105,551
286,224
4,164,074
$
4,423,545
$
615,830
6(59,484
4,909,391
4,875,560
$
616,330
669,350
392,190
1,740,000
38,728
41,944
*
708,702
672,(500
444,125
735,696
668,000
395,011
1,740,000
1,740,000
465,352
2,030,000
386,016
812,323
925,380
3,493,542 '• 3,800,341
4,407,750
4,824,428
665,532
617,204
501.641
51,321
—(V.32, p. 15 5,
V. 33. p. 357, 641; V. 34, p. 144,
177, 22S, 367,
489, 637; V. 35, p. 374, 487, 575, 637.)
Balance, surplus
•••
PBCBMBKB,
RAILROAD
1882.]
Subscribers will confer a
pnr
pixDlanation of column
on
tables.
Western—Continued)—
Indiana Bloomington d
1st mortgage, coup., may
Income
bonds, reg.,
Consol, income
for
$6,000,000
...
or reg
2d
or
Value.
Outstanding
1879
$500Ac.
$3,500,000
3 to 0
1879
100 Ac.
128,400
1881
1879
1,000
3,750,000
500 Ac.
1,500,000
3,000,000
1,800,000
mortgage, guaranteed
Falls d Sioux City—Stock
18S1
1881
1881
1SS1
1,000
1 ,000
63
72
117
117
IS 09
1S07
1870
1,000
1809
100
500 Ac.
1877
100 Ac.
152
1,000,000
1.000
500
1.100,000
500 Ac.
1,000
787818781
Tmea
April 1, ’03
West— 1st mort.(for $o00.000)
(income for 3 years)
1st mortgage.
Ithaca Auburn
2d mortgage,
Southeast.—Stock
1st mortgage bonds
Jefferson (Fa.)—1st A 2d morts. (Hawley Branch)..
1st mortgage (Susquehanna to Carbondale)
■fersonvil'e Madison d Indianapolis—Stock
Jacksonville
eff., Mad.
do
A Ind., 1st M. (s. f. $15,000 per
do
2d mortgage
jersey City d Hergen—1st mortgage
Joliet dc Northern Indiana—1st mort.,
year).
guar by M.
C.
(Philadelphia).—1st mortgage
!
Junction d Brccikwatei—Funded debt (Del. St. loan)
2d mortgage
Kansas City Fort Scott dc Glulf— Stock, common.....
Junction
54
54
9
38
224
159
159
6
44
4 Li
2d mortgage
preferred.
1st mortgage, land, grant, sink- fund
Mortgage on branches
Kansas Central—hat mortgage (for $3,200,000)*
Kansas City Springfield. & Memphis—1st mort
Stock,
—
45
303
303
159
190
168
....
Amount
Rate per|
Cent,
par
3 83 2
38 k>
Springfield—1st mort., gold
Ind & Evansv.- 1st M., gold (for $3,380,000), $ A £
Indiana Illinois d Iowa—Stock
Indianapolis d St Louis—1st mort., in 3 series
Indianapolis d Vincennes- 1st mortgage, guar
gold
mortgage,
202
142
152
Size
184
184
Eastern Division
Indianapolis Decatur d
0(1
Miles Date
of
of
Road. Bonds
202
202
be reg
convertible
2d mortgage, coupon
1st mortgage, gold,
discovered in these Tables.
| Bonds—Princi¬
INTEREST OR DIVIDENDS.
headings, &c., see notes
£rg£ page 0f
xnrn
BONDS.
great favor by giving immediate notice ot any error
DESCRIPTION.
nor
STOCKS AND
1,380,000
2,000,000
1,700,000
1,450,000
4,623,500
2,947,500
294,000
498,090
1*4
7
7
/
1,090
300(00
1.000
100
7
7
18 (Vo
1,000
1870
1,000
2,000,000
2,000,000
2,752,000
2,000,000
375,000
1879
1880
1881
1881
4,648,000
2,750,000
1,000
1,000
2,686,800
1.000
1.348,000
3,000,000
1,000
2.039,000
■
J.
J.
J.
0
.
Whom.
N.
do
do
do
do
do
do
do
do
a j.
Stocks—Last
Dividend.
Y., Corbin Bank’g C’o. April 1, 1909
April 1, 1919
July 1, 1921
A J.
April 1, 1909
June 1, 1921
A D.
A O. New York, Co.’s Office. April 1, 1921
do
do
A J.
July 1, 1911
London and New York. April 1, 1911
Various S. Y., Union Trust Co.
F. A A. N. Y., Farm. L. A T. Co.
do
do
!M. A N.
Boston.
i Q.—M.
| A. A O. N. Y., Nat. Park Bonk.
J. A I>. N. Y. City, Treas. Office.
do
do
J. A J.
!
1.000.000
800,000
425,000
300.000
400,000
250,000
pal, When Due.
Payable and by
| A. A O.
7
7
0
200.000
1,000
I A. A 0.
A J.
6
|J.
0
It.
3 to 0 !J.
6 g. J.
0 g. ! A.
5 g. J.
6 g.
1,000
1,000
1,000
Where
j Pay’ble
1880
1807
1809
1877
1802
1805
1SOO
1870
When
1 L>
A J. X. Y., Am. Ex. Nat. Bk
A J. Honcsdnle Nat. Bank.
A J. N. Y., by* Erie Railroad.
Q.-F.
N.
Y., Farm. L. A T. Co.
no
1887 A 1889
Jan. 1, 1889
Aug., 1881
1, 1906
July 1, 1910
Oct.
do
do
July 1, 1910
do
....
4L3
0
4
4
2
4
7
7
0
6
1908
1900
Dec. 1, 1832
Oct. 1. 1917
1907
Jan. 1. 1907
....
A. A 0.
J. A J.
7
7
7
7
July 1, 1919
J.
J.
A
J.
F.
F.
F.
).
M.
A.
A
A
A
A
A
A
A
A
A
A
J. N. Y., Farm. L. A T. Co.
J. Pliila.. 233 So. 4th St.
do
do
O.
J.l Lewes, Del., Treasurer.
do
do
A.j
Boston.
A.I
do
A.|
J.| Bost.,
S.
O.jI
....
Nat. Webster Bk.
do
do
Office, 195 Broadway.
July 10, 1907
July 1, 1912
April 1, 1900
1890
Feb., 1896
Feb. 15. 1882
Aug. 15,
June 1,
Sept. 1,
April 1,
Boston.
1882
1908
1910
1911
1921
30.1881, operated from Terre Haute, Ind., to -(V. 34, 344, 435, 572, G04, 686; Y. 35, p. 103, 160, 211, 265, 297, 347,
373.)
miles, of which 148 miles are owned and 28 miles leasedIndianapolis d Vincennes.—Dec. 31. 1881, owned from Indianapolis,
This was a consolidation Nov. 4, 1874, of the Peoria Atlanta & Decatur,
Paris A Decatur aud Paris A Terre Haute. Receiver appointed Sept. Ind., to Yincennes, Ind., 117 miles. The Pennsylvania Company owns a
11, 1875.
Earnings in 1879-80 $323,09(5; expenses, $307,409. In controlling interest in the stock and operates the road, advancing the
1880-81, gross receipts, $385,015; expenses, $395,391. Stock, $2,000,- deficiency to pay interest on the bonds. The capital stock is $1,402,000.
Annual
000. D. II. Conklin, Receiver. (V. 32, p. 030 ; V. 33, p. 124; V. 34, p. In 1880 "the net •earnings were $60,506; in 1881, $10,260.
interest on debt amounts to $206,000.
366, 399 ; V. 35, p. 21.)
Iii(i
Iowa Falls d Sioux City.—March 31, 1882, owned from Iowa Falks, la.,
1881
to Sioux City, la., 184 miles. This road was opened in 1870 and is
ow__
leased to the Illinois Central for 20 years from Oct. 1, 1867, at a rental
on rental, Pekin to Peoria. 10 miles; total, 212 miles.
The company of 36 per cent of the gross earnings. The Illinois Central has an option
put under construction its Eastern Division from Indianapolis to Spring- of continuing the lease after 1887 at same rental. This company also
lield, Ohio, 142 miles. The Cincinnati Sandusky A Cleve. was leased receives a drawback of 10 per ct. on business to and from them line
over the Dub. & S. City RR., and receives rental for 26 miles of its road
April, 1881—Sandusky to Day’tou, 154 miles; branch, Carey to Findlay
16 miles. But of this, 24 miles (Springfield, O., to Dayton) is leased to used bv the Sioux City’ & St. Paul Co. In the year ending March 31,
Cincinnati and Springfield, leaving but 146 miles; also with it the 1882, the total rental was ,$301,777; receipts from sales of lauds,
Columbus Springfield & Cincinnati road, Springfield to Columbus, 44 $718,000; the total income was $1,049,700, and all expenses, including
miles; total, 190 miles. Total operated 402 miles, aud 140building. In dividends, $465,920.
The contingent fund invested was $800,000.
December, 1881, leased the Indianapolis Decatur & Spriugtield road
Lands remaining unsold, 103,689 acres.
Horace Williams is Presi¬
guaranteeing $200,000 per year
dent, Clinton, la. (V. 32. p. 10, 636; V. 34, p. 114, 662 ; V. 35, p. 347.)
The former Indianapolis Bloomington A Western Company defaulted
Ithaca Auburn d Western.—Dec. 31, 1881, owned from Freevillo to
Oct. 1, 1874, and a Receiver was appointed Dec. 1, 1874. The road was
sold in foreclosure Get. 30,1878, and the company reorganized. Interest Auburn, N. Y., 33 *2 miles; track to Cortland, 11 miles, used. TlieN.
is on the first mortgage bonds 3 per cent per annum for the first three Y.A Oswego Midland RR., Western Extension, was sold in foreclosure,
years, 4 per cent for the succeeding two years,*5 per cent for the suc¬ and this company organized Sept. 20. 1876. as the successor. The
ceeding three years, and then 0 per cent until maturity*. The second stock is $970,000. In 1880-81 deficit „$2,803. H. R. Low, President,
mortgage bonds bear 3 per cent per annum interest for the first three New York City'.
Jacksonville Southeastern.—July 1,1831, owned from Jacksonville to
years, 4 per cent for the succeeding two years, 5 per cent for the suc¬
ceeding three years, and 0 per cent thereafter until maturity’. The Litchfield, Ill., 54 miles. This was the Jacksonv. Northw. & Southeast.
income bonds take such interest from July* 1, 1879, not exceeding 0 per RR., projected from Jacksonville to Mt. Yemen, 125 miles,
Bonds
cent per annum, as the net earnings may’ suffice to pay. $830,000 stock were issued at $20,000 per mile, amounting to $600,000.
In 1879 tho
scrip was issued entitled to a dividend of 7 per cent per annum, after a company was reorganized by’ the bondholders under this name. In 1880
dividend of S per cent on the common stock. After the payment of a 1
the road was extended 23 miles and bonds for $200,000 issued. In year
per cent dividend, the stock scrip is convertible into common stock
ending June 30, 1881. gross earnings, $83,000; net, $43,814. (Y. 35, p,
The annual report for 1881 was in V. 31, p. 713. Earnings and expenses 625.)
in 1881 were as follows:
Jefferson—Sept. 30.1881, owned from Susquehanna Depot, Pa., to CarCONSOLIDATED EARNINGS—l’EORIA DIV. FULL YEAR, OHIO DIV. S MONTHS.
Illinois Midland—June
Peoria, Ill., 173
j
Total earnings
Operating expenses
881.
$1,820,006
1.103,701
$722,301
1880.
$1,813,129
1,020,544
bondale, Pa., 37 miles; branch, Hawley, Pa., to Honesdale, Pa.. 8 miles;
total, 45 miles. Leased in perpetuity to the Erie Railway' for $140,0(Tt>
per annum,
and now operated by the N. Y. Lake
Erie & West. Capital
Edward Clynier, President, Reading, Pa.
earnings
Jeffersonv. Madison d Indianapolis.—Dec. 31,1881, owned from Louis¬
DISPOSITION OF NET EARNINGS.
ville, Ky\,
Ind., 110
branches—Madison, Iud., to
$211,4S9 Columbus, to Indianapolis, Columbus,miles; to SheibyviUe, Iud., 24 miles;
For rentals
$253,275 I Surplus
Ind.,
Ind., 40 miles;
For taxes
31,173 |
Total...
$722,301 Jeffersonville, Ind., to New Albany’, Ind., 6 miles; Shelby’A Rush RR.,
For interest
190,119 j
18 miles; Cambridge Extension, 20 miles; total operated, 224 miles.
Other disbursements
30,300 |
Tlio road was leased anew from January 1,1S80, to the Pennsylvania
-(V. 33, p. 408, 527, Oil, 710 ; Y. 34, 231, 316, 521, 522, 549, 713.)
Company’, the lessees to pay’ over all the net earnings to the .T. M. & I.
Indianapolis Decatur d Springfield.—August 31, 18S1, owned from Co. In 1881 the Penn. Company purchased $1,939,000 of the stock.
Decatur, Ill., to Indianapolis, Ind.. 153 miles. This company is successor Dividends were at the rate or 7 per cent; per annum till May, 1880, and
to the Indiana A Illinois Central Railroad.
In Dee., 1881, was leased to reduced afterward. Earnings for five years past were as follows:
Net Earn.
Indianapolis Bloomington A W. for 50 years, at 30 per cent of gross Years.
Gross Earn.
Miles
earnings, but with a guarantee of $200,000 per year. A new adjustment
161
$499,033
$1,176,174
proposed in April, 1881 (see V. 32, p. 501, V. 33, p. 303), was partly
425, S87
186
1,150,014
180
carried out, aud the above 2d mortg. bonds issued, and $2,850,000 of 7
492,863
186
1,246,333
180
Nc t
$< 80,584
per cent prof, stock.
But some hitch took place, and in Nov., 1882,
the trustees of the old 2d mortgage took possession of the road, subject
to the lease to I. B. & W. Common stock is $500,000. Gross earnings
1879-80, $339,850; net, $142,084. In
$159,178. (V. 32, p. 500, 03(5; V. 33, p.
V. 34, p. 62, 231; V. 35. p. 373, 575, 037,
in
1880-81 gross, $191,487 ; net,
303, 358, 440, 588, 041, 087;
stock, $2,090,050.
1881
-(V. 32, p. 205.)
186
186
1,38S,505
5-41,538
186
1,462,802
365,043
Jersey City d Bergen.—Dec. 31,1SS1, owned from Jersey City to Bergen
Point, N. J., 6 miles.
In 1881 gross earnings were $260,798, and net,
G58.)
$86,511. Stock, $165,150. William Keeney, President, Jersey City.
Indianapolis d Evansville — In progress Indianapolis to Evansville.
Joliet d Northern Indiana.—Deo. 31,1SS1, owned from Joliet, Ill., to
Bonds issued in London May’, 1881. R. G. Hervoy, President, Evans¬
ville, Ind. In February, 1882, an attachment for rails sold was issued. Lake Station, Ind., 45 miles. Operated as part of the Michigan Central
main line. Road opened in 1854 and leased to the Mich. Cent. Above
~(V.34,p. 231, 310.)
Indiana Illinois d Iowa— In progress, and in May', 1SS2, owned from issue of bonds definitely' guaranteed was given as a compromise in
Momence. Ill., to Streator, Ill., 03 miles. J. D. Harvey, President, place of old 8 per cent bonds. Stock ($300,000) carries dividends of 8
per cent per annum.
Chicago, Ill. (V. 35, p. 373, 540, 575.)
Indianapolis d St. Louis— Dee.31,1881, owned from Indianapolis to
Terre Haute, Ind., 72 miles; leased line, St. L. A. A T. II, 189 miles, and
branches, 0 miles; total operated, 207 miles. The lease of the St. L. A.
&T. II. was guaranteed by three other companies, and suit has been
pending us to the rental.
The company was controlled by the Pennsyl¬
Junction d Breakwater— Dec. 31, 1881, owned from Harrington to
vania Company’, which owned the stt ek of $600,000, in connection with Lewes, Del., 40 miles; branch to Rehoboth, 5 miles; total operated, 45
the Cleve. Col. Cin. A Ind. Of the first mortgage bonds series “A” are J. miles. Gross earnings, 1881. $83,693; net, $30,924. Stock is $306,000.
& J.; series “B,” M. & 8.; series “C,” M. A N.
Interest had not been N. L. McCready, President, New York City. (V. 34, p. 025.)
paid on the second mortgage and equipment bonds since April, 1878,
Kansas City Fort Scott d Gulf.—Dec. 31, 1S31, mileage was as follows:
and on July 28,1882, the road was sold in foreclosure for $1,390,000
Main line—Kansas City to Baxter Springs, 160 miles; branches—Union
(subject to 1st mort.) and bought for Clew Col. Cin. & Ind. Co. and a
Transit, i mile; Spriugtield to Ash Grove. 19 miles; Weir City to Cherrynew company organized September, 1882, with J. II. Devereux us
valle (N.G.). 50 miles; Arcadia to Coal Mines. 2 miles; Baxter Springs
President. Operations and earnings for four years past were;
Net
tojopliu, 15 miles; Rich IIlll Junction to Carbon Centro and Rich Hill,
Gross
eight (ton)
Passengei
Earnings. 28 miles; Springfield to city limits, 1 m.; Fort Scott June, to Ash Grove,
Earnings.
Mileage.
Years.
Miles.
Mileage,
85,300,579 $1,347,240 $315,115 81; Coalvale to Barton, 8. Total operated, Dec. 31,1881, 363 miles.
1878..
200
10,8(55,239
This company was organized April 1, 1879. as successor to tho
491,149
102,030,114
1,493,876
2(56
12,209,092
008.413 Missouri River Fort Scott A Gulf, which made default October 8,
2,009,922
20(5
15,285,443 148,947,237
014,295 1873, and was sold in foreclosure February 4,1S79. The tirst mort2,048,651
200
190,029,304
19.479,278
XXXIV
KAIJJROAD
Subscribers will confer
a
on
it:
>.
J
M
column headings, Ac., see notes
of
of
first page of tables.
Road. Bonds
Kentucky Central—Stock
2d
3d
mortgage
mortgage
General mortgage (payable after
188(1)
Ktekuk dDes Homes—let M., mt.
guar. C. R. I. A
Knox d Lincoln— 1st
mortgage
Lake Erie d Western—Stock
1st mortgage, gold
Income bonds convertible (not
cumulative)
8andusky Extension, 1st mortgage
do
L
,1;
■
-
P.
do
income bonds
Lafayette Bloom. A Muncie, 1st mort., gold
‘do
do
income M. con. (non-cumul.)
Lake Ontario Southet'n—1st
mortgage, gold
Lake Shored Michigan
Southern—Stock
Guaranteed 10 per cent stock
Consol. 1st mort., (sink, fund, 1
per cent) coupon.
do
do
do
registered
Consol. 2d mort.. do. (for
$25,000,000) coup. A reg.
Lake 81iore dividend bonds
1st mortgage, sinking fund, M. S. & N. I
3d mortgage (C., P. A A.
RR.) registered bonds..
1st mortgage (C. & Tol. RR.)
sinking fund
2d mortgage
do
Buffalo A State line, mortgage bonds
Buffalo & Erie, mortgage bonds
Det. Monroe & Tol., 1st mort.,
coup., guar
Kalamazoo & White Pigeon. 1st
Schoolcraft A Three Rivers. 1st mortgage
mortgage
Kalamazoo A Schoolcraft, 1st
mortgage
Kalamazoo Allegan A Gr.
Rapids, 1st mortg ige...
Kal. Allegan AGr.
Rapids, stock. 6 p. c. guar...
175
149
18
42
150
80
80
150
162
49
386
165
21
21
200
200
50
1879
1880
1880
1880
1853
1855
1881
1878
’69-’72
1879
1879
1880
1880
1879
1879
si“-orj
;
:»
? *
1,000
1,000
1,000
451
95
162
162
88
88
62
37
12
13
58
257,000
500,000
6,083,500
792,000
233,000
4,334,000
1.000
1,000
100 Ac.
2,750,009
2,335,000
7,700,000
1,815,000
1,4*5 000
327,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1870
1870
1873
1869
1855
1867
1855
1866
1866
1868
1876
1869
1867
1867
1868
49,466,500
....
994,300
533,500
£
1,000
1,000
S
8 956 000
1,000
7
7
7
7
7
7
7
7
7
7
8
8
8
1,356.000
1,000
1,000
1,000
1,000
1,000
1
7
X
12,138,000
5,240,000
920,000
1,595,000
849,000
300,000
2,834,000
924,000
400,000
100,000
500 Ac.
1,000
....
.
.
.
•
•
•
»
m
•
100,000
840,000
610,000
•
•
•
....
owned from
In
Boston, Nat. Union Bk.
do
do
do
do
....
M.
M.
J.
J.
A N.
Cincinnati.
A S. N. Y., Bank of
America.
A D.
do
do
A J. N. Y., Morton. B.
A Co.
A. A O. N. Y.,Farm. L. A
T. Co.
Various Bost., Hide A L’ther
Bk.
F. A A. N.
August.
do
do
lo
M. A N. N.
Yearly.
Y., Metropolitan Bk.
do
do
A. A O. N.
Q.-F.
F. A A.
J. A J.
A.
F.
J.
J.
J.
J.
A.
J
Y., Union Trust Co.
N.Y..Grand Cent.Ottlce.
do
do
•
Coupons
are
paid by
Treasur’r at Grind
Central Depat, N.
Y., and
interest registered]
by Union
Trust Company.
in 1881-82, gross,
$1,424,013; net,
p. 146; V. 35, p. 103,454.)
Lake Ontario Southern.—
Stocks—Last
Dividend.
Apr. 1, 1909
Jan. 1,
1910
Sept. 1, 1910
1910
May, i88l
March, 1883
•Tune, 1885
July 1, 19U
Oct. 1,
1923
1880-1902
Aug.i5.i919
Aug.
Aug.
May
May
1899
1, 1919
1, 1920
1, 1919
1, I899
Jujy 1.
Feb. 1,
1905
1883
Aug. 1, 1882
July 1, 1900
July 1, 1900
1
A D.
A O.
A N.
A O.
A J.
A O.
A S.
A O.
A A.
A J.
A J.
A J.
A J.
A O.
mcT
Mai,When Due.
4ue-15,
do
.
....
(qi*
,
Y., Metr''"'»iitan Bk.
F. A A.
J.
A.
M.
A.
J.
A.
M.
3
Payable, and
Whom.
....
6 g.
7
6
7
6 g.
7
6 g.
2
5
1,000,000
1,000
A. A O.
J. A J.
M. A S.
....
600.000
2,500 0CC
100
100
1880
5 to 6
7
7
7
1
7
7
6
5
6
1,823,000
l.OOu
Passenger
Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
1879
160
5.585,154
35,972,107 $895,864 $332,811
1880
305
8,819.638
49,435,645 1V222.867
525,915
1881
363
11,?»94,779
59,007,866 1,503,215
672,764
—(V. 32, p. 231, 393 ; V. 33, p. 74,
124, 153, 459; V. 35, p. 457.)
Kansas Central—July
1,1882, owned from Leavenworth to Miltonvale, 168 miles. Sold under foreclosure of
first mortgage April 14,1879.
Reoi-ganized April, 1879. Stock,
$504,000. L. T. Smith, President,
Leavenworth, Kan. (V. 32, p. 232.)
Kansas City Springfield d
Memphis.—This organization embraces
two corporations under the
laws of Missouri and of Arkansas
to build a
road from
Springfield, Mo., to Memphis, Tenn., at
$5,600,POO. The Kansas City Fort Scott A Gulf willan estimated cost of
cent of gross
appropriate
earnings on business to or from the new road to 15 per
terest on the bonds. ' Each
pay in¬
holder of 50 shares K.
had the
City Ft.
right to take $1,500 in stock of the new Missouri 8. & G. stock
for $1,500 in cash, with
corporation
$2,000 of the bonds for $500 in
$3,500 for $2,000 cash. (V. 33, p. 153
cash—making
; V. 35, p. 71, 297,
313, 546.)
Kansas City Laxcrence d Southern
Kansas.—Dec. 31, 1881, owned from
Lawrence, Kan., to Coffeyviile (Indian Ter.
Line), 144 miles; branches—
Ottawa Junction to Olathe. 32
miles; Cherry vale to Harper Kan., 149
miles ; Wellington,
Kan., to Hunnewell, Kan., 18
miles; leased,
A Burlington RR., 42
miles; total operated. 384 miles. The Ottawa
Kansas
City Lawrence A Southern Kansas was
formerly the Leav. Law. A Gal.
RR., which was sold in foreclosure
holders, and the present company Aug. 9, 1878, and purchased by bond¬
organized May, 1879. In November,
1880, the consolidation of the three roads
above named was
the consoiidated stock of
$3.759,000 was purchased in the made, and
the Atchison Top. A S. Fe with
interest of
the 5 per cent bonds of that
(through its auxiliary
corporation, the Kansas City Topeka A company
Western),
according to the terms of the circular published*in
the Chronicle of
Nov. 27, 1880 (V.
31, p. 559). The present bonds
till 1882. 5 in 1882-3, and 6
carry 4 per cent
thereafter. (V. 32, p. 16; V.
33, p. 74.)
Kentucky Centred.—Dec., 31, 1881,
[VOL. XXXV
Rate per When Where
Cent.
] Payable
1
$500Ac. | $2,940,000
1177
864
864
864
Amount
jOntetaudhie
Value.
gage bondholders of the old road took 80
per cent in the new mort¬
gage bonds, and for all other claims stock was issued.
Operations and
earnings for three years ast have been as follows :
^
BONDS.
by giving immediate notice of any error discovered
in tliese
Tables.
1
INTEREST OR DIVIDENDS.
Miles
Date
Kansas City Larcrence d Southern
Kansas—1st mort
Southern Kansas & Western—1st
mortgage
Suiuner County RR.-l st
mortgage
Ottawa & Burlington RR.—let
mortg., guar
fcfr?
AND
great favor
DESCRIPTION.
For explanation
STOCKS
$388,994. (V. 33,
p.
Dec. 1. 1903
1899
1885
1892
1885
1886
1886
1898
1906
Jan. 1, 1890
July 1, 1887
July 1, 1887
July 1, 1888
Oct. 1, 1882
April 1,
May 1,
Oct. 1,
July 1,
April 1,
Sept. 1,
April 1,
Aug. 1,
358, 501; V. 34
Sept. 30,1881. owned from Sodus
Point. N.Y
miles. This companj' was a
1879, of the Ontario South and the Geneva
consolidation, Dec. 2*
Hornellsville A Pine Creek
railroads. Stock, $940,475. Gross
earnings in 1880-81, $31,088. (V
33. p.412.)
to
Stanley, N. Y., 34
*
Michigan Southern—Dec.
N.Y., to Chicago, Ill., 540 miles; branches 31, 1881, owned from Buffal#,
owned, 324 miles. Other lines
owned as follows: Detroit Monroe
A
Toledo, 62 miles; Kalamazoo A
White Pigeou, 37 miles; Northern
-
Lake Shore d
.
Central
(Mich.), 61 miles; total, 160
miles. Roans leased are as follows:
Kalamazoo Allegan A Gr.
58 miles; Jamestown A
Rapids,
Franklin, 51 miles; Mahoning CoalR., 43
total, 152 miles. Total road owned,
leased, and operated, 1,177 miles;
This company was a
miles.
consolidation of the Lake Shore
Railroad and
Michigan Southern A Northern Indiana Railroad
May 27, 1869, and thG
Buffalo A Erie Railroad
August 16, 1869. The consolidated line
braces the former roads of the
em¬
Cleveland A Toledo and the
Cleveland
Painesville A Ashtabula railroads. On the
guaranteed stock, the claim
for dividends between 1857 and
1863 has been settled. This
controls Chic. A Can. So.
companyFor the year 1882 the
balance of earnings over interest
and rentals
was
$4,160,000, against $3,967,586 in 1881. See V. 35,
p. 729.
The last annual report is
published in V. 34, p. 518,
tables below,
containing
showing the operations and the earnings of the road the
a series of years:
for
INCOME ACCOUNT.
V
1878.
Receipts—
Interest, divid’ds.Ac.
Pr.on bds.Ast’ks sold
Total income
1879.
1880.
$
6,336,968
172,806
8,331.356
'
$
'
5,493,166
197,662
Net earnings
1881.
$
208,662
$
6,692,963
238,675
850,000
5,690,828
Disbursements—
Rentals paid
Interest on debt
6,509,774
8,540,018
251,924
....
257,489
282,956
7,781,638
273,925
2.611,180
2,616,955
2,622,730
2,612,230
Dividends, guar
(10) 53,350 (10) 53,350 (10) 53,350
(10) 53,350
Dividends, ordinary.
1,978,660
3,215.322
3,957,320
Do
3,957,320
rate per ct.
4
Covington, Ky., to Lex¬
ington, Ky.. 99 miles, and Paris,
Ky., to Maysville, Ky., 51 miles; total
operated, 150 miles. This was
O1^
formerly the Covington A Lex. RR.,which New cars A
was foreclosed in
1859. In 1875 the
engines
present company was
took possession
formed, and Miscellaneous
May 1, 1875. The Maysv. A Lex. RR. was
115,453
60,128
taken Nov.
17, 1876. In June, 1881, a
680,261
306,530
majority of the stock was fmrehased by Mr. Balance, surplus
C. P. Huntington of the
Chesapeake A Ohio road, and an extension
from Paris to
Total
Livingston, Ky., 70 miles, was to be in
5,690,828
6,509,774
1st, 1883. The general
operation by July
mortgage of 1881 was sold to stockholders
In 1880 this item was
66*3. and 25 per cent of new stock
aX
$700,000, but was put
given as a bonus. The old pref.
stock was retired.
The financial results of the ten
Enough of this general mortg. of 1881
to retire the prior
is reserved
years pasture
condensed table;
bonds, and there is an option in this
the bonds after five
mortgage to retire
years. The fiscal year now
ends Dec. 31. Opera¬
tions and
Operating
eanfings lor three; years
Gross
-
8
8
*
.
1,623,662
674,949
199,597
10,267
8,540,018
7,781,638
*
past were:
V
r
,'
■l**
Years.
1879-80
1880 (8 mus.)
1881
Miles.
149
149
150
Gross
Earnings.
Net
Earnings
$608,029
$222,514
447.078
143,616
705,127
214,472
47, 100, 358, 716; V. 34, p
(V. 32. p. 16, 120, 612,
636; V. 33,
146, 230, 521. 549, 574.)
Keokuk d Des Moines.—June
30, 1881, owned from
Dee Moines, la., 162 miles.
Keokuk, la., to
This was a
the Des Moines
reorganization, Jan. 1, 1874, of
Valley Eastern Div., sold in foreclosure
The property was leased
Oct. 17, 1873.
for 45 years from Oct.
Bock Island A Pac. RR. on
1, 1878, to the Chicago
the terms
following: that the lessee pay
cent of the gross
earnings to this company, but guarantee the 25 per
(not the principal) on the
interest
present bonds.
The stock is $1,524,600 of
Percent preferred and
8
$2,600,400 of common, a
majority of which is
In the year 1879-80
peTd by the lessee.
earnings were $639,788 ;
earnings, $660,101,
$165,025, leaving $27,525 surplus over and rental, at 25 per cent,
interest A dividend of 1%
cent on preferred stock
per
was paid
December, 1881. (V. 35, p. 737.)
Knox d Lincoln
Sept. 30, 18*2. owned from
Bath, Me., to Rockland,
Me., 49 miles. The stock is
land, Me. (v. 32, p. 356; V.$361,080. John T. Berry, President, Rock
34, p. 204, 316.)
Lake
gross
Year.
1872..
1873..
1874..
1875..
1876..
1877..
1878..
1879..
1880..
1881..
Miles.
1,136
1,175
Earnings.
$17,699,935
1.175
1,175
1,177
1,177
1
■
l77
1,177
1,177
1,177
Expenses.
19,414,509
17,146,131
14,434,199
13,949,177
13,505,159
13,979,766
15,271,492
18,749,461
17,971,391
70*90
6504
72*96
68*64
66*37
60*70
58*50
55*56
62*76
Interest, leases
Net
Percent.
6690
in operating expenses.
shown by the following
Earnings,
$5;8Gi>,409
5,667,911
5,993,760
3,902,698
4,374,341
4,541,193
5,493,165
6,336,968
8,331,356
6,692,962
and dividends
on
Div
Guar.Stock.
$2,201,459
2,654,560
3,008,193
2,810,294
2,759,989
2,775,657
2,718,792
2,751,988
2.750.374
2.725.375
The following condensed
tallies show the
passenger and the freight
business in detail for the past
six years, 1875-1880:
Year.
Tons
one mile.
Tons.
1876.. 5,635,167
1877.. 5,513,398
1878.. 6,098,445
L879.. 7,541,294
V88O.. 8,350,336
1881.. 9,164,508
FREIGHT.
1,133,834,828
1,080,005,561
1,340,467,821
1,733,423,440
1,851,166,018
2,021,775,468
s~
Per ton per mile.—Cost.
Profit
Cent.
Cent.
*817
*561
•256
*864
*573
*291
*734
*474
•260
*634
*398
•244
*750
*435
•315.
*617
*414
•203
Revenue. Receipts.
$
Cent.
9,405,629
9,476,608
10,048,952
11,288,260
14,077,294
12,659,987
Erie <t Western.—June
30, 1882, owned from
miles; Fremont to
PAS8ENGKU8.
Ceiina, 99 miles; branch Sandusky to
to Minster, 9
miles; (Mina to Muucie, 54
miles; Muncie to III. State line, 120
Passengers
Illinois State line to
,—Per passenger
miles; Year.
per mile.—.
Bloomington, 81 miles; total operated, 386 miles.
Passengers, one mile.
This was a
Revenue. Receipts.
Cost.
Profit.
consolidation, Dec. 12,1879, of the
Muncie and the Lake Erie
Lafayette Bloomington A 1876..
Cent.
Cent.
Cent.
A Western, on the basis
following: The consol- 1877.. 3,119,923 175,510,501 3,664,148
2*090
1*515
•575
company to assume all the debts, issue its
2,742,295 138,116,618 3,203,200
tor the Erie A
stock share for ►hare
2*319
1*647
Western stock, and Issue four
*672
shares of Us stock for each 1878.. 2,746,032 133,702,021 3,057,393
•hare of the
2*287
1*276
1*012
Lafayette Bloomington A Muncie stock.
1879.. 2,822,121 141,162,317
the former
The line em
3,138,003
2*223
1*174
1*049
1880.. 3,313,485
Lafayette Bloomington A
L«ae Erie A Louisville.
Mississippi road and the 1881.. 3,682,006 176,148,717 3,761,008
2*135
1*088
1049
There are also $160,000 in car
207,953,216 4,134,788
Crust certificates -(V.
1*988
outstanding. Earnings in 1880-81, gross,
1*120
868
$1,411,776; net, $310,574; 3 21, 33, p. 225, 321, 709, 716;
3i, p. 501, 618,617, 637; V. 35, p
Fremont, 22
*
249, 298, 729j
\v
11AILR0AD STOCKS AND
1883. J
Pbckhbkb,
Subscribers will
confer a great favor
DESCRIPTION.
"
r
first page
on
B »nds—Princl
by giving Immediate notice of any error discovered In these Tables.
INTEREST OR DIVIDENDS.
of tables.
notes
1863
1869
dM.
laxcrtncerStock.
1st mortgage.
whiah <t Burl son
—
River— 1st mortgage,
Warwick Valley bonds
--
gold.
do
do
1st mortgage
Tshiah d Lackawanna—1st & 2d mortgages
Lehigh Valley—Stock ($106,300 is pref.)
let mortgage, coupon and registered
2d mortgage, registered
Consol, mort., gold, $ & £ (s. fd. 2 p.c. y ’ly) cp. A reg
Easton A Amboy. 1st mort., guar.(for $6.00C,000)
Wallkill Valley,
Delano
Land Company bonds,
Little Miami—Stock,
endorsed
common
1st mortgage
Street con. 1st M. bds (jointly witliCin.A
Renewal mortgage
Little Rock d Fori Smith—Stock
18765-09.
25
308
101
101
232
60
*84
(for$3,000,000)
168
165
150
5,000,000
6,000.000
14,013,000
2,500,000
1.697,000
4,637,300
1,500,000
250,000
50
1853
1864
1882
1875
1876
1881
I860
1868
1868
1878
1881
1871
—
mortgage,
2d mort. for
1871
1881
188 L
1873
Flushing, guar
1,000
1,000
1,000
1.000
50
500
500 Ac.
500
100 Ac.
500
500
income account for the fiscal years
1379-80.
Other
1830-81.
15,082.971 19,812,238
m.366.630,225 375,303,125
moved 1 mile 150,540,605 166,178,752
23,123,806
440,626,699
202,299,285
freight (tons) moved 1 in.. 517,170,830 541,481,877
6-1*2,925,98 4
freight (tons)
Total
Earnings—
Coal freight
Other
freight
Passenger, mail, oxpress, Ac
$4,011,145 $5,352,604
1,879,574
1,488,578
432,303
530,812
$6,678,590
2.126,397
618.87L
2.996,981
$2,935,345
INCOME
„
$1,775,774
’^’894
Oct.. 1882
Pittsburg Office
Aug., 1895
Winslow. L. & Co.
Nat. Exch. Bank.
July 1, 1911
1899
O.j
1911
iJ. A D.
I
Q.—J.
Dee. 1, 1907
Jau. 15. 1883
j Philadelphia, Office.
juue, 1898
Sept., 1910
D.j Reg. at office; op.B’kN.A
S.iPkila., Bank of N. Amer.
|J. A D.i Philadelphia, Office.
M. AN.:
do
do
do
|J. A J.
do
j Q.—M. I
Cincinnati.
J. &
!M. A
.
July 1, 1927
Philadelphia.
jAL A N.jN. Y., Bunk of America
j Various Cinn., Lafayette Bank
;M. & N.jN. Y., Bank of America.
Boston, Treasurer.
N.Y.,Wm.C.SheldonACo
|,J. A J. Boston, Co.’s Office.
|A. A O.
do
do
'J. & J.j
Philadelphia Office.
I A. A 0.|
do
i M. A *N.!N.Y.,Corbin Bank’g Co.
jM. A N.i
do
do
; M. A N.]
do
do
! I. A J.
F. A A.
;
Q.—J. 1
do
Jan., 1892
1882
Dec..
May, 1883
1894
2. 1912
Nov.
July 18, 1881
Jan. 1, 1905
Jan. 1, 1906
do
do
1898 & 1923
1920
do
do
do
1911
July 14, 1882
Oct., 1882
Nov. 1, 1882
May, 1890
May, 1884
May, 1398
Aug. 1, 1918
July 1, 1931
April, 1901
do
8ept., 1901
do
|M. & N. N. Y., Corbin Bank’g Co. May 1, 1911
May 1, 1931
! Jan.I ;
do
do
Mav. 1891
M. A N.I
do
do
I A. A O.j
|M. A
S.!
from Cincinnati to Springfield, but
Springfield is now operated as a branch;
line,"as given above, the Col. & Xenia
road, Columbus to Xenia, is used. Ou Jau. 1,1865, they leased the Dayton A West. (Dayton to Iud. State line) aud the Rich. A Miami (State line
to Richmond), and on Feb. 4. 1865, purchased the road from Xenia to
Dayton; these three roads go to form the branch of 57 miles given
above. The partnership agreement was dissolved November 30, 1368,
and a contract made by pffiieh the Columbus & Xenia road, including
its interest in the above-named brauehes, was leased to the Little Miami
for 99 years.
On December 1, 1869, tbe Little Miami, with all its
branches, Ac., was leased to the Pittsburg Cincinnati A St. Louis Rail¬
road Company for 99 years, renewable forever.
The Pennsylvania
RR. Co. is a party to the contract and guarantees its faithful execution.
Road is now operated by Pittsburg Ciu. A St. Louis Railway Co. Lease
rental is 8 per cent on capital stock, interest on debt and $5,000 per
annum for Little Miami Company’s expenses of organization ; the fulfil¬
ment of the lessor’s lease obligation is also stipulated.
The 5 per cent
mortgage of 1882 is to take up the 6 per cent bonus falling due iu May,
1883. In 1881 the uet income of the company was $683,179; interest
and all charges, $663,617: surplus Jan. 1, 1882, $154,594. Net loss
to lessee, $267,467 iu 1881. against $160,512 in 1880.
(V. 32, p. 155,
Little Miami Railroad proper extends
the portion between Xenia and
for the remainder of the main
498.)
Little Rock d Fort Smith.—Dee. 31.1831 . owned from
to Fort Smith, 165 miles; branches. 3 miles; total.
Little Rock, Ark.,
168. Iu Dee., 1874,
the property (then 100 miles), including the laud grant, was sold in
foreclosure. This company afterwards built 65 miles, and opened tbe
road to Fort Smith July i, 1876. Six coupons of July. 1876, aud after
were funded into 7 per cent notes ($560,100).
Total of notes outstand¬
ing April, 1882, $466,000. Iu the year 1880 the gross earnings were
*510,287 and net earnings $252,459
Iu 1881. gross $562,650; uet,
.260,745. The lands unsold Jan. 1. 1882. amounted to 734.567 acres
and laud notes. $602,377; in 1881 47,783 acres were sold for $185,705.
-(V. 32, p. 467 ; V. 34 p. 314. 573 ; V. 35, p. 347.)
Little Rock Mississippi River d- Texas.—Dec. 31, 1881, owned from
Little Rock to Arkansas City, 113 miles; Tripps to Warren, 53 miles;
Rob Roy Junction to Micawber, 4 miles; total, 170 miles.
This com¬
pany was a reorganization of the Little Rock Pine Bluff A New Orleans
Railroad and the Mississippi Ouachita & Red River Railroad.
Both
those companies received land grauts and State aid bouds. Earnings
in 1881, $301,225; uet, $129.6*25.
The stock is $3,663,500. Elisha
Atkius, President, Boston. Mass. (V. 33, p. 201; V. 35, p. 13‘2.)
Little Schuylkill.-Nov. 30, 1881. owned from Clinton to Taiuaneud,
28 miles; branches, 3 miles: total operated, 31 miles. The East Mabanoy RR., was leased Jan. 12,1863. for 99 years, and sub-leased to Phila.
& Reading July 7, 1868. Tbe Little Sehuykill Railroad is leased to tbe
Philadelphia A Reading Railroad for 93 years from July 7, 1363, at a
fixed annual rental. Of the stock, $158,250 is held by tbe ooiupauy, and
no
dividends are declared ou
this.
Y„ to Green port. N. Y.,
Leased, March,
RR. to BetbNew York A Roekaway
RR., 8-9 ; Brooklyn A Jamaica RR , 9*6; Newtown A Flushing RR.,
3-9
New York ^'Flushing RR.. 2 7; Brooklyn A Montauk. 67 ; Hunt¬
er’s Point A So. Side RR., 1*5; Far Roekaway branch, 9*4; L. I. City A
Flushing UK., 15 8. Operated—N. Y. A Long Beach, 6; Central exten¬
sion, 8*i; Main St., Flushing, to Great Neck, 61. r.'?otai leased and
operated, 174 miles. The total of all the roads owued and operated is
Long Island— Owns from Long Island City, N.
mites; branches, 63 miles; total owned, 158 miles.
1882—Smitlitowu&Pt, Jefferson RR.. 19 0 miles; Stewart
page, 14-5; Stewart RR. to Hempstead, I S;
95
Net earnings
Receipts—
$7,762,990 $9,423,858
4,648,084
4,002.357
$5,932,326
Total gross earnings
Operating expenses
(0
600,000
312,00 J
150.000
Dividend.
.
A. A O.!
268,935
500
189, 298.)
Lackawanna.—Dec. 31, 1881, owned from Bethlehem, Pa.,
This road was opened in 1867. It is leased
to Wind Gap, Pa., 25 miles.
to the Lehigh Coal & Nav. Co., and operated by Central RR. of New
Jersey. Of the above bonds, $100,000 are a 1st mort., and $500,000 2d
mort. Capital stock, $375,100. Gross earnings in 1880, $43,753; net
earnings, $11,500. Gross earnings in 1881, $-17,441; uet, $16,526.
Lehigh Valley.—Nov. 30,1881, owned from Pbillipsburg (Pa. Line), N
J., to Wilkesbarre, Pa., 101 miles; branches—Penn Haven to Audenried,
18 miles; Hazle Creek Bridge to Tomhicken (and branches). 32 miles;
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junetior to M-\ Carmel (and branches), 61 miles; Slatedale branch, 3 miles ;
Be«r Creek Junction to Bear Creek, 5 miles; Lackawanna Junction to
Wilkesbarre, 10 miles; also owns the Easton A Amboy RR., Amboy,
N. J., to Pennsylvania Line, 60 miles; total operated, 308 miles. This is
one of the most important of the so-called “ coal roads,” and lias been
It is one of the peculi¬
able to maintain dividends during past years.
arities of the company’s annual report that no general balance sheet is
1878-9.
2,125,000
1,275,000
2,616,100
441,000
10,000.000
175,000
150,000
1,121,500
1,000
1,000
Lehigh d
Passengers carried one mile
Anthracite coal (tons) moved 1
2,588,000
2,051,000
(It
1,000
549; V. 35, p. 102,
Operations—
4,505,308 10
500 Ac.
500 Ac.
Dec. 31, 18S1,
given. The earnings, expenses and
ending Nov. 30, were as follows :
1,500.000
1,000
owned from Lawrence Junction, Pa., to
Youngstown, O., 18 miles; branch from Canfield Junction to Coal Fields
0.,4miles; total operated, 22 miles. The branch was built by another
company and merged in this company April 23* 1873. The Lawrence
Railroad was leased June 27. 1869, to Pittsburg Fort Wayne A Chicago
RR. at 40 per cent on gross earnings, with $45,000 per year guaranteed
as a minimum. Lease has been transferred to Pennsylvania Co., by which
the road is now operated. Sinking fund has $26,000 bonds, deducted in
amount of bonds given above. Gross earnings in 1880, $185,333: uet
earnings, $81,002; gross in 1881, $193,000 ; uet, $35,124; rental re
ceived from lessee, $77,200. (V. 35, p. 20.)
Lehigh (€■ Hudson River.—This road was opened from Greycourt, on
Erie road, to Belvidero, N. J., 64 miles. August, 1382. Consolidation
April, 1882. of the Lehigh A Hudson River and the Warwick Valley
roads. In addition to above there are $85,OoO Wayawanda 6 p. c.
bonds due 1900. Stock, $1,340,000. (V. 33, p. 201; V. 34, p. 146, 408,
Lawrence.-
|A. A
Stocks—Last
and by
}See preceding pnge.j
F. & A.'N. Y.,
J. A J N. Y.,
27,603,195
1,000
1,000
1,000
1,000
1,000
1857
'
Newtown A
50
1868
1870
1873
1880
1872
50
main
floating debt
Consol, mortgage, gold (for $5,000,000)
New York & Roekaway, guar. iut. only
Smitlitowu A Fort Jetferson
Long Island Ci y d Flushing—1 st M.. coup, or re
Income bonds (cumulative) ($350,000)
let
1,000
i*96
Ind.RR.)
Tjony Island—Stuck
let mortgage, extension
let mortgage, Gleuoove Br
1877
Q.- J. i
250.000
600,000
1877
84
let M., ldgr’t (1,083,000 acs) s.fd.
Little Rock Miss. River d Texas— 1st mortgage
2d mortgage
Little Schuylkill—Stook.
—
let mortgage, sinking fund, extended 1877, coup.
1,000
1865
1881
1879
1881
j: t
500,000
450,000
329,000
800,000
145,000
240,000
50
Whom.
Payable
$368,000
$1,000
1,000
Where Payable,
When
of
8—Continued)—Jamest A Fr., 1st M
Jamestown A Franklin, 2d mortgage
Shore
pai.When Due
Date
Size, or
Amount
Rate per
Par
of
Outstanding
Cent.
Bonds Value.
Road.
Miles
J^rTToianation of oolumn headings, Ac., see
^orex^
XXXV
BONDS.
Net earnings
Other receipts and interest
$
$
$
608,038
3.760,633
837.948
4,775,774
4,598,581
2,935,345
Total income
IHshursements—
Interest on debt
Taxes, Ac., A loss ou Morris Can..
$3,760,633
ACCOUNT.
5,744,042
968,268
;
into the hands
334 miles. The Long islaud RR. went
1877. The second mortgage bouds were
of various classes.
The control of the company sold to
of a Receiver Oct.,
issued to take up floating debt
742,953
866,596
...
1,522,954
1,108,757
1,095,523
Dividends*
Mr. Austin Corblu aud others m
1,070,059 Dec., 1880. In July, 1881, stock increased to $10,000,000. Iu Aug.,
990,338
Charged for aeeum. depreciations
Is81, most of the holders of 8m tntowu a Fort Jefferson bouds and
5,634,00S N. Y. A Roekaway bonds agree t to exchange their bouds for the consol,
4,472,101
3,520.019
Total disbursements
110,03 4
126,420
23,364
Balance, surplus
mortgage, bearing 5 per cent.
The annual report for 1881-82 from the returns to the New Yorkistate
In 1879, 10 on preferred and 4 ou common; In 1880, 10 on preferred
Engineer was published in CuuoNiCLK, V. 35, p. 734, and gave grv*>s
And 4 on common; in 1881, 10 on preferred and 5*a on common.
earnings, Ac., ami comparative statistics as follows:1880-81
1881-82.
Operations and earnings for five years past were as follows:
1879-80.
1878-79.
852
328
320
326
Passenger
Mis. Freight,
Gross
Net
Div. Milos operated
6,512,2/0 3.873.453
1,557,900
1,630,113
2,268,313
772,682
*
Mileage.
Earnings.* Earnings, p. ot. Passengers carried, No.. ..5,043.848 6,223.292
386.260
339,252
320,337
280.071
09,902,718 $7,049,647 $3,206,897
9
Freight (tons) moved —
*
$
$
86,712,311
6,488,037 3,325,215 5^
$
Earnings and Expenses
1,60S.771
112,557,966 5,532,738
3,075,811 4
,1,032,689 1,162,404 1,237.837
634,698
Passenger earnings
567,055
531.367
463,978
150,540,605
5,032,325 2,935.344 4
Freight earnings
173,588
141,776
118,178
7,762,090 3,760,633 4
121,283
19,812,238 166.178,752
Miscellaneous earnings
Does not include receipts from Interest, Ao., which are large.
1,617,9 50 1,811,819 1,946.668 2,417.057
Gross earnings
1.576.774
~(V. 32, p. 08. 183 ; V. 33, p. 588; V. 34, p. 86. 145, 489, 549.)
.1,279,591 1,365,856 1,756.372
Expenses aud taxes
LiW/e Miami.—December 31, 1881, owned from Cincinnati, O., to
$40,282
190.296
445,933
Bpriigfleid, O., 84 miles; branch, Xeuia, O., to Dayton, O., 16 miles;
92.500 \ *93,505
165.399
leased, Col malms A Xeuia Railroad, Xenia to Columbus, O., 55 miles. Lease rentals
193.305
292.311 \
228,121
* Western Railroad, Dayton, O., to Indiana Btato Line, 37 miles;
205.174
Ohio State IJue to Richmond, Iud., 4 miles; total operated, 196 milt's. The
iears.
Miles.
302
301
303
303
303
Mileage.
33,388,877
16,657,397
.13,718,758
15,082,571
.
.
..
..
*
.
.
xxx vi
RAILROAD
Subscribers will confer
STOCKS
AND
BONDS.
[Vol
XXXV.
great lavor by giving immediate notice of
any error discovered in these
Tables.
INTEREST OR DIVIDENDS.
Miles Date Size, or
For explanation of column
Bonds—Prinei
Amount
headings, Ac., see notes
of
of
Par
Rate per
pal,When Due
on first
When Where
page of tables.
Road. Bonds Value. Outstanding
Payable, and by
Cent.
a
DESCRIPTION.
Payable
Louisiana Western—1st mortgage,
gold
Louisville Evansville <£• St. Louis.—1st mort
2d
mortgage, gold
Income bonds
Louisville <£ Nashville— Stock
General mortgage, gold. coop, or
reg
Louisville loan, main
1856
1863
.1881
1877
1868
1,000
($3,208,000)
175
—
Louisville New Albany dc Chicago—Stock
1st mortgage
Mortgage, gold, on Chic. A Indianapolis Div
1877-78.
3,2601600
Funded debt
Floating debt
Total liabilities
Cost of property
6,300,211
1,000
1,000
1,000
1882
1SS0
1,600
1880
1881
1.660
1881
1881
18S1
1867
1877
1881
1881
1879-80.
$
3,260,700
2,713,672
1,123,794
725,386
2,691,203
1,651,975
1882.
1881.
10034- 92
94 Vx87
Feb
955>b- 67 Jg
9484- ^9
March... 83*2- 65
95
85**
April
81 %- 72 *2 101*290*2
May
78*4- 72^ 110*2- 99*2
June
74V 61
109*2-106
-
....
August. .;
Bept’ber.
October
Nov'ber
Dec’ber
.
.
76V
76*2
75*«62*2533s-
645b
70
62*»
50
46*2
3881.
108%-x98*a
104*2- 90
99
92*«
96*2- 90*4
-
100V 91%
108%- 99
The annual renort for
1881-82, in the Chronicle, V. 35,
gave an aeeounf of the
j. 403, 427,
various transactions in
fiye statistics were as follows, not including that year. The cr inparaNashv. Chut. A St. L iuis,
which is reported
separately:
-
New York, Agency.
N. Y., Drexel, M. A Co.
L. A N. Y.. I)., M. A Co.
N. Y. and Louisi file.
London, Baring Bros.
do
do
N. Y., Drexel, M. A Co.
6 g.
•
_
_
New York
Agency.
Y., Drexel, M. A Co.
Mar. 1, 1922
Jan. 1, 1930
’
•
A O.
New York Agency.
April 1, 1910
A S.
do
do
March 1, 1921
A S.
do
do
March 1, 1980
A S.
do
do
Mar. 1, 1920
A N.
do
do
May 1, 1931
A 8.
do
do
Mar. 1, 1931
A A.
do
do
Aug., 1921
A J. N. Y., Drexel. M. A
Co.
Jan., 1897
A O. N.Y., Imp. A Trad. N.Bk.
1907
A N.
New York Agency^
Nov.
1, 1931
....
....
6
0g.
....
J. A J.
F. A A.
N.Y., Nat. Bk. Commerce
do
do
.r
July 1, 1910
Aug. 1, 1911
-
1880-81.
1,872
1,840
1881-82.
2,028
Mail, express, Ac
$1,700,207
5,135,985
599,651
$2,599,353
7,407,403
904,894
$3,007,465
8,050,339
Total gross earnings
$7,435,843
$10,911,650
$11,987,745
Opeiat’g
expenses (excl. tax.)
Net earning3
Per cent of op. exp. to
earngs.
4,138,532
929,941
6,713,140
$3,297,310
7,429,370
,$4,198,510'
$1,558,375
61*97
61*52
INCOME ACCOUNT.
Receipts—
Net income, all
1S79-S0.
sources.
Disbursements—
Rentals
Taxes..
Int. on debt (all lines)
Dividends on all roads
Georgia Railroad deficit
Miscellaneous
Total disbursements
18S0 81.
$3,297,310
58,666
69,667
1*81-82.
$4,423,719
215,384
$4,824,816
52,0001
2,050,900
823,120
109,743
2,912,327
1,221,692
I
4,579,808
r
J
110,000
6,345
$3,112,036
*$1,407,748
Sur.185,274
Balance
$1,689,803
Sur. 256,840
Sur. 135.008
*
$240,869 of this is to be refunded to the L. A N.
Co., and is included
$256,840.
-(V. 33. p. 124, 201, 225.
322,358,385. 412,439, 463, 469, 716; V.
34,
in the balance of
p.
86,114,175.
216,261,292,344,453,460; V. 35, p.
103, 266, 373, 403, 427, 430,
431, 497, 603, 637.)
50,83,96,
Louise. N.
Albany if: Chic.— Dec. 31, 1881, owned from
to Michigan
Louisville,, Ky.,
City, Ind., 290 miles, and 90 miles of the Chic.
A
Div., Delphi to Maynard
Junction—total, 380 miles. The roadIndianap.
between
Delphi A Indianapolis was in progress. A lease for
999 years with Chic.
A West. Iud. at $81,000
per year gives entrance to
A. & C. was opened in 1852
Chicago. The L. N.
and sold in foreclosure Dec.
27, 1872, and
reorganized without any bonded debt.
In Aug., 1831, consolidated
with Chicago A
Indianapolis Air Line, and stork increased to
$5,000,000,
giving 15 per cent increase to stockholders
of record Aug. 31.
1880
the company sold the
$3,000,000 of first mortgage bonds to theInstock¬
holders at 20 cents on the dollar.
There arc $600,000 car trust
on which the
bonds,
charge is 8 per cent per annum. The annual
report was
published in V. 31, p. 228.
-
Gross
earnings
Operating
expenses
made raising the,
1882.
July
7
.
•
Passenger
Los Angelos
San Diego. —Florence to Santa
Anna, Cal., 27 miles.
Leased to Central Pacific, and in
1880 the net
•were $33,384.
Capital stock $570,890. Clrns.earnings paid as rental
Crocker, President San
Francisco.
Purchased in July, 1881, the entire
stock of the Louisville
A Lexicgton (T75 miles
Cincinnati
owned and 73
leased), and in November issued
the L.A N. mortgage on that
road to pay for the said
was $1,000,000 common
stock—which
and $1,500,000
preferred 1 See statement of
Louisv. Cin. A Lex. in
Supplement of February, 1^82, and
The general mortg. of 1880 is
prior dates.
for $20,000,000, of which
reserved to pay oft prior liens.
$9,716,000 is
For the 8t. Louis A
Southeast, roads the
$492,200 Trust Co. certificates were
issued, secured bjr
E. H. 6c N. bonds ;
they are redeemable any April or $800,000 of the
notice. The Southeast. 6c St.
Oct., 011 30 days
Louis RR., which was
reorganized after fore¬
closure of the St. Louis A
Southeastern, Nov. 16, 1880, is leased to the
Louisville 6c Nashville for 49
years, and the
above, secured on the road, about 210 miles L. A N. issues its bonds as
long in Indiana and Illinois.
There is also'$999,500 of 8. E.
6c St. L. stock. The
L. 6c N. LebanouKnoxvilie l>onds of 1881 cover 110
miles, subject to prior liens, and 62
miles building from
Livingston to State line as a first lien.
& Atlantic bonds were
The Pen.
sold to L. 6c N.
bonds, $500 in bond scrip and $400 in stockholders thus: $1,000 in
stock for $1,425 cash.
3d mortgage bonds of
The
1882 are secured
by pledge of a large amount of
stocks and bonds. (See Yr.
35, p. 428 ) In Nov., 1882, the
$3,213,513 of its stock taken from the
company listed
City of Louisville and issued
$3,786,487 of new stock to pay
floating debt, Ac. The prices of stock
have been:
America.
A J. N.
•
Freight
ing A North Side road, foreclosed Dec.
11, 1880. The stock is $500,000*
par, $100. Leased to Long Island KR. for 50
years at 40 per cent of
gross earnings.
(V. 33, p. 154, 468.)
Jan
2,900,000
892,000
Pledged.
2,123,918
5,000.000
3,000,000
1920
1921
1902
1920
Feb. 1, 1882
June, 1930
1880 A 1887
1S86
Oct .15, 1893
March 1, 1931
Mar. i, i907
April, 1898
Nov. 1, 1833
Deer, 1901
Aug., 1902
l>ec. 1, 1919
....
Q-—Mar
A.
M;
M.
M.
M.
M.
F.
J.
A.
M.
6
6
7
Pledged.
July 1, loio
do
do
L. A N. Y.. D.. M. A Co.
1879-80.
6,465,698
6,271,300
was
A. A O.
M. A N.
M. A S.
A. A O.
M. A N.
J. A D.
F. A A.
J. A D.
6
6 g,
3 g.
5
Miles operated
Ear ni ngs—
9,960,700
Louisville Evansville <t SI.
Louis.—Line of road, New
Mt. Vernon, Ills., 182
Albany, Tnd., to
miles; branches to Jasper A
Gentry ville, 72 miles;
total, 254 miles. The road is the
reorganized Louisville New
& St. Louis, foreclosed in
Albany
1878. In January, 1S82. a
made with the Evansville
consolidation was
Rockport A Eastern, with a total
$6,000,000. In addition to
capital of
above, have $2,500,000
1920. John
Goldthwait, President, Boston. Mass. (V.incomes due in
32. p. 578, 658 •
V. 33, p. 468 ; V. 34,
p. 32, 115, 204, 549, 604 ; V*.
35, p. 103, 131, 211.)
Louisville <6 Nashville.—June
30,1832, mileage was as follows: Main
line—Louisville to Nashville, 185
miles; branches—Junction to Bardstown, Ky., 17; Junction to
mond, Ky., 34; Montgomery toLivingston, Ky., Ill; Junction to Rich¬
Mobile, 180; New Orleans to
branch to Pontchartrain.
Mobile, 141;
5; Paris, Tenm, to
Memphis, 259; East St.
Louis. HL, to Evansville, Ind., 161
; June., Ill., to
Shawncctown, Ill., 41;
Belleville, Ill., to O’Fallon, Ill., 6; Pensacola,
Fla., to Pensacola Junction.
Fla., 44; branch to Muscogee dock, 1;
Louisville, Ky., to Newport, Kv.,
109 ; Junction to
Lexington, 66 ; Louisville II. Cr. A
Selma to Pineapple, Ala.,
W’port. (u. g.), i 1;
40; Henderson to Nashville,
135; Pensacola
extension, 32 ; total owned, 1.578 miles; leased
and
tion to Glasgow,
Ky., 10; Nashvilleto Decatur, 119; controlled—Junc¬
Decatur to Mont¬
gomery, 189; Junction to Shelby vilie,
19; Louisville Transfer, 4; No.
Div. Cumb. A Ohio, 28; Lebanon
to
Greensburg, 31; Selma to Mont¬
gomery, 50; total leased and
controlled, 450 miles; total operated
June 30. 1832, 2,028 miles.-
Various
J.
6
Dividend.
J. N. Y., Central Pacific.
J. N. Y., Central Trust Co.
O, New York and Boston.
S.
do
do
F. Sc A. L. A N. RR., 52 Wall St.
J. A I). N. Y.,
Drexel, M. A Co.
A. A O. N. Y., Bank of
6 g.
6
2,300,000
1880-81.
$
&
&
&
&
Stocks—Last
Whom.
r
6 g.
600,000
1,000
1,000
J.
J.
A.
M.
....
2,677,000
1,248,000
1,000
Louisiana Western.—Dec.
31,1881, owned from Vermillionvillc,
to Oranee, Texas, and
operated by the Texas A New Orleans La.,
under the same control as the
RR.,
Southern Pacific and Galveston Harris¬
burg A San Antonio lines. Earnings in
1831, $235,234; net, $137,620.
Stocx is $3,360,600.
4
6 g.
6 g.
3,000,000
1,000
1,000
1,000
1,000
1,000
100 Ac.
1880
r*
3.500,000
106
158
.
605,000
10,000,000
5,000,000
Pledged.
2,000,000 1
1.000
1.000
1881
•
2,000,000
3,500,000
2,171,840
2,400,000
£200
£200
7,098,166 11,303,878
..6,160,059
6,629,318 11.086,245
~<V. 33. p. 23, 154, 201, 225,
393, 442, 642, 687; V.34, p. 19, 14G,
40S,
435, 549; V. 35, p. 102, 189,211, 373,
735.)
Long Island City
Flushing.—This is a reorganization of the Flush"
*
1,500,000
1.000,000
7.070,000
1,600
1879
288
2,479,712
In 1880 the stock
dividend of 100 per cent
stock from $9,059,361.
333.000
1,000
380
3,260,000
1,881,750
1,157,861
225,000
...
1878-79.
$
$
Capital stock
10,361.000
850.000
1873
1871
1872
1880
4
3
6 g.
6
6
6
6
7
7
7 g.
25.000,000
1,000
Cecilian Branch, 1st
mortgage
46
Consolidated 1st mortgage for
$8,000,000
392
2d mortgage bonds, gold,
coup
392
Memphis & Ohio, 1st mort., sterling, guar
130
Memphis A Clarksville br., 1st mort., sterling
33
Mort. on Ev. lien. A N.,
gold
115
Debentures for recent acquisitions
3d mort., trust, gold, sink,
fd., secured
1st mortgage on New Orleans & Mobile by pledge. 1,079
RR
141
2d mortgage
do
do
147
($1,000,000)
Bonds seed by pledge of 2d mort.
S.AN.Ala.RR..
1st M., gold, on Southeast.A
210
2d mort., gold, on Southeast.St.L.RR.,coup.or reg.
A St. Louis RR.,
210
cp.
Pensacola Div., 1st mort
15
Mobile A Montgomery Div., 1st
mort
180
Pensacola A Selma Div., 1st mort
104
Pensacola A Atlantic, mort.,
guar., ($3,090,000)
185
Louiev. Cin. & Lex., 1st mort
175
do
2d mort., coup., for
$1,000,000
175
Ii. AN. mort. on L. C. &
L., gold,
.Car trust liens
1,000,000
2,500,000
100
1880
6
6 g.
0 ?•
3.900.000
1,000
172
stem (no
$556,000
2.240,000
1.000
1.000
1,000
840
Lebanon-Knoxville mortgage
’
$1,000
2,028
mortgage)
Deb anon branch, Louisville loan
do
extension, Louisville loan
f
1880
1881
1880
1882
1881
!
27
112
1
Los Angelos <t San
Diego—1st mortgage
1891.
$047,651
717,082
1890.
1879.
$836,252
$696,631
593,343
*
596.657
Net earnings
--(V. 33. p. 23,
655; V. 35,
p.
$230,571
$212,908
$99,974
100, 124, 176, 255, 412, 519,
687; V. 34, p. 204, 228,
161, 291, 515, 575.)
Lowell <£•
Framingham.—Sept. 30,1881, the Framingham A Lowell
owned from South
Framingham, Mass., to Lowell, Mass., 26 miles.
Road opened Oct.
1,1871, and was leased from April 1,
1871, to Boston
Clinton Fitchburg A New
Bedford RR.
operated by Old Colony RR. Co. On Feb. Co., and since Feb. 1, 1879.
14, 1880, a lease of the road
to B. C. F. 6c N. B. Co. for
998 years and 4
mouths,
was ratified.
Sept. 10, 1881, sold at Sheriff's sale from Oct. 1, 1879,
and reorganized
under above name.
The 8 per cent notes are
surrendered for
and cancellation, and
exchange
preferred stock is issued for them and for
unpaid
coupons to Oct. 1, 1881. Stock,
$500,000 5 per ct. preferred and $500,000 common; 2*2 per cent
paid oil preferred 111 December, 1882.
(V. 33,
176, 303, 744.)
Lykens Valley.—Dec. 31, 1881, owned from
llamstowii, Fa., 20 miles; branch, 1 mile; totalMillcrsburg, Fa., to Wil
operated, 21 miles. A
coal road leased and
operated by the Northern Central
Railroad since
July, 1880, and previously by the Summit Branch
RR. The lease is for
999 years from March 1,
i860, and the rental is $02,500 per annum.
Mahoning Coal.—Dec. 31,1881, owned from
Andover, O., to Youngs- >
town, O., 38 miles ; branches to coal
mines, 5 miles; total operated, 43
miles. It was opened
May 1, 1873, and leased for 25 years from that
date to L. Sh. 6c Mich. So,
RR., at 40 per cent of gross earnings.
stock is $1,373,000. The L.8. A
Capital
M. S. Co. holds
$399,000 of the bonds
purchased under the agreement of lease.
Net earnings in 1880 (40
cent of gross),
per
$85,391, and in 1881, $88,583.
Maine Central.—Sept. 30,
Portland to Bangor, Me., 1371882, mileage was as follows: Main, line,
miles; branches, Cumberland Junction to
Waterville, 73 miles; Crowley’s Junction to
Lewiston, 5 miles; Bath to
Farmington, 74 miles; Waterville to
Skowhegan, 18 miles; totulowned,
307 miles. Leased, Belfast to
Burnham, Me., 34 miles; Newport, Me., to
Dexter, Me., 14 miles; total leased, 48 miles.
Total operated, 351 miles.
On Oct. 1, 1882,
begun to operate the European 61 N. Am.
114 miles.
road, leased,
p.
December,
Subscribers will confer a great favor
of column headings, Ac., see notes
on first page of tables.
c^Txolauation
for e i
by giving immediate notice of any error discovered in tbese
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
Amount
•
Outstanding
0881
mortgage bonds
Coal.—1st mortgage, coupon
Lwell t£ Framingham—1st
lykens Valley-—Stock—
Maine
Central-Stock
...
..
consolidated
Bonds ($1,100,000 loan) A. &. K. RR..
Extension bonds, 1870, gold
Maine Central loan for $1,100,000
JJeeds A Farmington Railroad loan
Androscoggin Railroad, Bath City loan
Portland & Kennebec, 1st mort., extended
do
do
consolidated mortgage....
Manchester & Lawrence—Stock
Manhattan Beach Co.—Stock
N Y. Bav Ridge A Jamaica RR., stock, guar
tst
mortgage,
26
21
43
351
304
55
18
109
36
30
71
71
$1,000
Y. A Man. Beach RR., 1st mortgage
Man. Beach Impr. Co. (Limited), mortgage
N. Y. Bay Ridge A Jam. RR., 1st mort. (guar.)...
bonds
1872
•
•
•
•
1.000
1872
1860-1
1870
1863
1371
I860
1363
1865
141-2
....
8*2
Metropolitan Elevated, stock
....
500 Ac.
500 Ac.
500 Ac.
100
100
32
32
32
100
100
....
14
Manhat’n).j
New York Elevated, 1st mortgage, gold
'
Marietta <£• Cincinnati— 1st mortgage, dollar
1st mortgage, sterling
2d mortgage
Sd mortgage:'
4th mortgage
Scioto AHocking Valley RR., 1st mortgage
Balt. Short Line, stock, 8 p. c. guar by M. &
do
1st mort., guar, by M. A C
•
•
.
•
18
188
188
/ •
•
•
•
•
•
„
m
_
30
30
6
C...
Cincinnati A Baltimore RR., stock
do
do
1st mortgage...
•
....
J
1878
1879
1876
1861
1361
1866
1870
1S73
1864
1,000
•
•
•
•
•
.
.
....
1,000
Railroad and tbc Penobscot & Kennebec. In August, 1873, the Port
land & Kennebec, Somerset A Kennebec and Leeds A Farmington rail
roads were also consolidated with the Maine Central. The annual report
was published in V. 35, p. 735.
The ending of the fiscal year was
changed in 1881 from Dec. 31 to Sept. 30. The report had the following
$1,877,079
Total gross earnings
Operating expenses,
including taxes
1,229,357
$647,722
Net earnings
INCOME ACCOUNT.
Receipts—
Net earnings
Other receipts
1
$647,722
8,656
$656,378
Total income
Disbursements—
Rentals paid
Interest on bonds
$54,000
570,466
Dividends
Balance..
1902
M’nthlv
A. A O.
J. A J.
J. Sc J.
1^2
1^2
do
do
do
do
do
.
Bank’g Co
do
do
Q.-J.
Q.-J.
Q.-J.
New York. Oilice.
J. A J. N. Y’., Mercantile Tr.Co
do
do
M. A N.
do
do
J. & J.
F. A A. Balt., R. Garret A Sons.
London.
F. A A.
M. A N. Balt., R. Garret A Sons.
do
do
J. A J.
do
do
A. A O.
do
do
M. A N.
do
do
J. A D.
J. A D. Balt., Merch. Nat. Bank
Cincinnati.
M. A N.
J. A J. Balt., Balt. A Ohio RR.
34, p. 61, showed gross
Jan.
1, 1397
March, 1909
0)
Jan.
Jan.
Oct
2, 1883
2, 1883
2,
1882
July. 1908
Nov. 1, 1S99
Jan. 1, 1906
Aug. 1, 1891
Aug. 1, 1891
May 1, 1896
July 1, 1890
April, 1908
Nov. 1,
1888
(?)
Dec.
1, 1904
(?)
Jan. 1, 1900
earnings for the two elevated roads as
:
-Metropolitan Com
ipany.—%
,—New York Company.—>
Gross
Year.
Passengers.
Gross
Passengers.
16,169,269
Earnings.
Earnings.
$1,287,336
2,021,190
25,917,514
2,469,444
34,408,929
$2,077,094
For the combined roads the summary statement for each of the four
1,359,373
years up to Oct. 1, 1S82, was as follows:
Period.
Receipts.
Passengers.
$717,721
Oct. 1,1878, to Sept. 30, 1879
$3,526,825
4^,045,181
Oct. 3, 1879, to Sept. 30, 1880
60,831,757
4.612,975
Oct. 1, 1880, to Sept. 30, 1881
75,585,773
5,311,075
$717,721 Oct. 1, 1881, to Sept. 30, 1882
86,361,029
5,973,633
5,368 —(V. 33, p, 24, 47. 74,100, 124, 176, 255, 282, 304. 353, 385, 397, 404,.
468,
717, 744 ; V.
61, 86,
560,
264, 291, 378, 549,
$723,089 663, 527, 714; 642, p. 50, 102,34, p. 189, 347, 115, 413, 456, 545, 575,
688,
132,
V. 35,
405,
658, 706.)
29,875,912
$2,239,489
34,914,243
41.0S6.849
1S79
1881-82
2,591.785
2.841,631
$54,000
Marietta rf Cincinnati.—Dec. 31, i881, owned from Cin. A Balt. Juno
569,542
71,822 tion, O., to Main Line June., O., 157 miles; branches and extensions—
$624,466
$695,364
$31,912
Total disbursements
1,
J. A J. N. Y.. Corbin
do
M. A S.
do
I. A J.
4
500.000
follows
Jan.
Aug. 15,1882
A O. Boston, fid Nat. Bank. April 1, 1912
7
7
7
7 g7
8
8
7
4
7
4
7
750,000
ment V.
N.York, Union Trust Co.
April 1, 1891
Oct. 3, 1882
1890 to 1891
do
do
Oct., 1900
do
July, 1893
do
July, 1901
do
July, 1891
Q.-J.
A. A O. Portland, 1st Nat. Bank. Oct. 15, 1883
A. A O. Boston, fid Nat. Bank.
April 1, 1895
M. & N. Manchester ana Boston. Nov, 1, 1882
6
6
7
1,247,450
in 1862 of the Androscoggin A Kennebec
1880-81.
l
S
2.000,000
8,500,000
2,450,000
1,050,000
2,500,000
3,000,000
4,000,000
300,000
1.125,000
.
Old Colony RR.
New York. Treasurer.
Slocks—Last
Dividend.
6
6
5
’
£ 10,813,000
6,500,000
....
A.
6
50
1,000
1869
....
7
6
6 g.
7
6
500,000
....
A J.
J.
Piinci"’
....
1,000,000
200,000
13,000,000
0,500,000
■
.
7
*>
217,300
•
•
Q.-J.
2^
1,166,700
1,000,000
4,080,000
300,000
1.000
A. A O. Boston.
5
633,000
50
_
Whom.
425.000 /
1,000
Bonds
pal,When Duo.
Where Payable, and by
Pa3*ablo
1,486,000
3,603,300
3.905,500
1,100,000
496,500
756,800
100
100 Ac.
100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac
100 Ac.
100
....
1st mortgage
fid M. (guar, by
This was a consolidation
1877
1879
When
Cent.
600,000
.
„2«
Manhattan Elevated—Stock, common
Stock, 1st prof.. 6 per cent cumulative
Stock, fid preferred (not cumulative)
do
do
Tables.
Rate per
$500,000
20
1871
898781
„
xxxvu
INTEREST OR DIVIDENDS.
DESCRIPTION.
Mahoning
AND *JBOKDS.
STOCKS
KAILEOAD
1882. J
$27,725
Main Line Junction to Scott’s Landing, 31 miles; Marietta to Belpre, 11
miles; Portsmouth to Hamden, 55 miles; Blauehester to Hillsboro, 22
miles; leased—Cin. A Balt. RR., 6 miles; Balt. Short-Line, 30 miles; total
operated, 312 miles. The company made default, and the road was
-(V. 34, p. 31; V. 35, p. 160, 735.)
placed in the hands of Mr. John King, Jr., of the Balt. A Ohio, June 27
1877, and a foreclosure suit was afterward begun. The Marietta A Cin.
Manchester d• Lawrence.—March 31,1S82, owned from Manchester, N
Co. guaranteed the stock and bonds of the Baltimore Short-Line Rail¬
H.,to Methuen (State Lino), 22*4 miles; leased, Methuen Branch of the
Boston & Maine Railroad, 334 miles; total operated, 26 miles. Road in way, and when in default on its own bonds this rental of the Baltimore
Short-Line and the rental of the Cincinnati A Baltimore Railroad were
operation since 1849.
Formerly operated with the Concord RR.
as one line,
on a division’’ of joint earnings. Methuen branch is paid. The capital stock is as follows: First preferred, $8,105,600;
leased at a rental of $11,000 per annum. Company lays claim to a two- second preferred, $4,440,100; common, $1,386,350. The amended plan
fiftlis interest in the Manchester A North Weare RR., which is operated for reorganization is given in Chronicle, V. 34. p. 408, involving assess¬
ment on’stock. The sale in foreclosure took place Dec. 9.1882, and the
by Concord RR. Ten per cent dividends are paid. Gross earnings in
1880-81, including amount received from Concord Railroad on account purchasing committee bid $4,375,000. From Oct. 31, 1879. the Receiv¬
of joint business, $185,641; net, $100,440. In 1881-82, gross, $199,818; er’s report showed that the income in 14 months ending Dec. 31,1880.
was: Gross earnings, $2,477,634; net earnings, $328,133; taxes and
net, $100,199. (V. 32, p. 610; V. 34. p. 603.)
rentals were $533,512 ; deficit, $210,379. (V. 33, p. 255, 304, 469, 642 ;
Manhattan Beach Company.—A consolidation under the above title V.
34, p. 204, 291, 408; Y. 35, p. 44, 212; V. 35, p, 236, 487, 575,706,
was made in February, 1880, of the New York A Manhattan Beaeli
737.)
Railway, the Manhattan Beach Improvement Company and the Marine
Marquette Houghton d■ Ontonagon—Dec. 31, 1881, owned from Mar¬
Railway Company. The stock of the new company, amounting to
quette, Mich., toL’Ause, 63 miles; branches, 27 miles; total operated,90
$1,680,000, embraces the stocks of all the other companies converted miles. This was a
consolidation Aug. 22. 1872, of the Marq. A Ontonagon
into it, and the Manhattan Beach Co. holds those stocks in its treasury,
.except about $100,000 of N. Y. A Manhattan Beach Railway pref. Railway and the Houghton A Ontonagon Railway. The company made
default on its bonds, and issued the present 6 inn* cent bonds in exchange
stock, as also $300,000 2d inert, bonds of the N. Y. A Manhattan Beach
RR. The New York Bay Ridge Ac Jamaica Railroad is leased and the for prior 8 per cent bonds. The stock is $2,306,600 common; preferred
bonds and stock are guaranteed. In December, 18S1, a lease of the is $2,259,026, on which 4 per cent dividend was paid Aug. 15, 1882.
acres, mostly timber and mineral
New York A Manhattan Beach Railway was made to the Long Island The lands amounted to 425,000
RR. for 35 p. ct. of gross earnings to the lessor, but the sum of $97,500 lands, and in May, 1881, were sold for $2,500,000, and $1,750,000 6
per cent bonds called in. -Iu May, 1881. a circular was issued offering
per year is guaranteed to pay ail animal charges. (V. 33, p. 642.)
to stockholders the privilege of subscribing to the stock of
a laud
.
Manhattan Elevated—This was a corporation formed to lease and operate
elevated railroads in New York City.
Its capital stock was
$13,000,000, and'it was to pay the interest on the bonds of the two
elevated roads and certain dividends. The original lease guaranteed
10 per cent per annum on the stocks, but this lease was amended in
company.
October, 18Sl, by the agreements made substantially as follows: 1. A
tripartite agreement among the three companies that the indebtedness
of the Manhattan Company to the Metropolitan and New York he can¬
celed, except that the New York company should receive their divi¬
dends due in July and October, and the interest due July 1 on the New
York bonds, the interest on the Metropolitan bonds also to be paid, but
no back dividends on Metropolitan stock; the claim of the Manhattan
Company against the othe.r two to be withdrawn; and then the net
earnings to be distributed as follows: First, 6 per cent on New York
etock, then 4 per cent on Metropolitan stock, provided that road should
earn it; then 4 pea* cent on Mannattan stock, and then all the remain
ing surplus to be equally divided between the three parties to the com¬
pact. 2. A supplementary contract was made immediately after be¬
tween tlic Metropolitan anil Manhattan representatives, by which it was
provided that the Metropolitan Company should have a preference over
iho Manhattan to the extent of 6 per cent out of its own earnings, and
in consideration of this to relinquish all claims to any proportion of the
surplus of either roatl, thus giving to the Manhattan Company a claim
to two thirds of the surplus earnings, its own share ami that of the
Metropolitan Co. This was further supplemented by an agreement of
Nov. 14, 1881. for the surrender of the stocks of the other companies
and the issue of new stocks by the Manhattan Company, as follows:
To New York Ele vated stockholders, $6,500,000 of first preferred 6 per
cent stock cumulative; to Metropolitan stockholders, $6,500,000 second
preferred 6 per cent stock not cumulative; and to Manhattan stock¬
holders, $18,000,000 of common stock. <8eo full contract, V. 33, p. 560.)
The N. Y. Elevated stock was mostly surrendered and exchanged, but
Metropolitan stockholders held out against it, and after a long contest
the Manhattan party was defeated and the Kneeland party elected their
directors in November. 1882.
Tho company went
into receivers’ hands July 15, 18S1. The state-
See V. 33, p. 47.
Passenger
ilie two
'
Years.
Miles.
Mileage.
83
88
88
90
1,030,290
Operations and earnings have been:
Freight (ton)
Gross
Mileage.
15,810,466
15,124,336
Earnings.
$560,453
552,671
771,538
Net
Earnings.
$299,182
277,157
405.719
1,130,678
1,615,903
20,804,176
2.033,885
23,477,533
433,756
1881
893,638
—(V. 32, p. 552, 578; V. 33, p. 47, 154; V. 35', p. 50, 347, 546.)
Massachusetts Central.—Boston, Mass., to Northampton, Mass., 104
miles; branch,13 miles; total as projected, 117 miles. Leased to Boston
A Lowell for 25 years, at a rental of 25 per cent of gross earnings,
and to be completed as specified.
Stock. $3,500,090. In April, 1882,
company became embarrassed and new plans were proposed.
ences in V. 34 and 35. (V. 33, p. 469; \. 34, p. 574, 637 ; V.
See refer¬
35, p. 78,
132, 430. 515.)
Memphis rf Charleston.—June 30, 1881. owned from Memphis to
Stevenson, Ala., 272 miles; branches—to Somerville 14 miles, to
Florence' 5 miles, to Mississippi River 1 mile; total operated, 292
miles. This road was leased June 2. 1877, to the East Tennessee Vir¬
ginia A Georgia Railroad for twenty years from July 1, 1877. Tho
lessees were to operate the rood on their own account and apply the net
earnings to interest and pay the balance, if any, to the lessors. Tho
lease was terminable on 6 months’ notice and was modified in December,
1879, the M. A C. Company giving up their light to terminate the lease,
and the lessees agreeing to buy the coupons for three years following in
the M. A C. earnings should be insufficient to pay them. Of the new
consolidated mortgage, $1,400,000 is secured by tlte old Tennessee State
Hen for $1,730,906, assigned to a trustee. In 1882 the stock was to be
sold to the East Tennessee Virginia A Georgia, but this failed, and
then tho lease to E. T. Va. A Ga. was to be bought out by this company
case
was to be issued
stockholders of record
issue, but some delay waa
the ChhonicjH.
and canceled, and new stock to amount of $5,312,723
for this purpose at 12 per cent of its face value to
Oct. 10, making the oid stock a preferred
caused by an injunction. See references below to
Earnings
‘for four
years
past were as follows:
xxxviii
RAILROAD
8«bMribert will confer
STOCKS
AKD*| BONDS.
fy0L. xxxv.
great favor by giving immediate notice of
any error discovered in tbese
Tables.
INTEREST OR DIVIDENDS.
Miles Date 8ize, or
Bonds—Princi¬
For explanation of column headings, &c., see notes
Amount
of
of
pal,When due.
Par
T
Rate
When Where Payable, and
on first page of tables.
Road. Bonds Value. Outstanding
by Stocks—Last
Cen
a
DESCRIPTION.
~
187-90
r
Mcurquetie H. & 0.—1st mort.,M. A O., coup.
M. H. A O. mortgage
Mam. Central—New mort., gold, (for $3,500,000)...
Memphis d Charleston—Stock
1st mortgag3, Ala. A Miss. Div. (extend, in 1880).
2d mortgage
Consol. M.,g. ($1,400,0001st M. on 91 m. in Tenn.)
Memphis d Little Rk — 1st M. (paid $50,000 yearly)
General mort., land grant, (8. f. $10,000 after ’82)
--
-
Mexican Central (Mexico.j- 1st M. ($32,000 p. m.).
Income bonds, convertible, not cumulative
Mexican National Railway (Mexico).—1st M., gold..
Mex. Oriental Inter. d Inter'l—Stock ($20,000 p.m.)
Michigan Central-Btook
Consolidated mortgage
—
Michigan Air Line mortgage
do
do
Equipment bonds
1st mort.,assumed
byM. C...
M. C. bonds, mort. on Grand River Valley RR.
Kalamazoo A South Haven, 1st mort., guar
do
do
2d mort., guar..
Grand River Valley, stock, guar
do
1st mort., guar. 5
Detroit A Bay City 1st mortgage, endorsed...
Mort. on Detroit A Bay City Railroad
Jackson, Lansing A Saginaw 1st mort
do
1st mortgage
do Cons. m. on whole line (300m.)
do
do
do
Middletown Unionville d Water Gap—1st mortgage/
Midland No. Carolina— 1st mort. (for $10,000,000)
Milw. Lake Shored West—Northern Div., 1st mort.
Consol, mort., gold (for $5,000,000)
Income bonds (not cumulative)
..
—
....
Years.
1680-1
1881-2
Miles.
292
292
292
292
-
50
1872
1878
1880
90
117
292
181
272
$100Ac.
133
522
1881
1,000
1,000
1,000
18,317,000
(?)
18,738,204
1.000
500,000
7 A 5
8
8
8
6
640.000
70,000
8
8
1866
L872-c
1881
1865
1,000
1867
236
1,000
1871
1,000
298
13
1880
1,000
39
84
556,000
1,000
1,000
100
84
145
145
116
1866
1881
100
344
1879
1881
1881
Gross Eam’gs.
491,200
1.000,000
424,000
2%
3,526,000
1,024,000
68,000
1 943,000
1,000
1,000
5
8
8
8
8
8
6
7 g6
7
6
6
1,100,000
400,000
....
15,000 p. m.
....
1,000
1,000
1,000
199.000
3,841,000
500,000
Net Eam’es-
$862,513
1,003,271
1,342,082
$231,038
262,924
511,345
283.614
p.
189, 212,
also defaulted,
The stock is
(Mexico').—April, 1882, owned
Mexican National Construct! >n
Corpus Christi
operated with it. (V. 33, p.
204, 231, 604; V. 35, p. 50, 103, 265,
291,
lines—Michigan Air
Lansing A Saginaw, 236 miles; Grand River Line, 104 miles; Jackson
Valley, 84 miles; Kala¬
mazoo A South
Haven, 40 miles; Joliet A Northern
Indiana, 45 miles;
Niles A New Lisbon, 11 miles;
Detroit A Bay * ity Road, 145 miles
;
total operated. 949 miles. The leased
lines have been largely assist* d
by the Michigan Central Company. The Vanderbilt
party took posses
Sion in June, 1878.
The income statement for 1882
(V. 35, p. 729), showed net balance of
$625,000, against $509,310 in 1881.
The annual report for 1881 in
freight traffic shows an increase ofChronicle, V. 34, p. 518, said: “The
54,400,000 tons moved one mile, oi
7'40 per cent over the previous
year; while the earnings, on account ol
the prevailing low rates incidental
to the sharp contest between
the
trunk lines, from the effects of which
this company could not
separate
itself, record a decrease of $520,000, or 8 40
per cent. Had the rate ol
1380 been obtained on the traffic
for 1881, the net revenue therefrom
wonld have been $970,000
(equal to over 5 per cent on the
capital
Btook) greater than it now is. The
passenger traffic also shows an in¬
crease over the previous
year of 20,200,000
passengers moved one mile,
or 17*47 per
cent, and of earnings
14-26 percent. Tin
operating expenses show an increase $350,900, or 1880 of
over those of
$993,000, oi
17*31 per cent, wnich,
the increased ooet ofhowever, is very favorable when compared with
labor, materials and fuel, which is 27
per
June 1, 1892
Mar. 1, 1908
Jan. 1, 1900
A J. N.Y., Metropolit’n N.Bk
A J.
do
do
A J.
M. A N.
do
A
J.
J.
A. A O.
Q.-F.
M.
J.
M.
A.
M.
M.
M.
J.
J.
M.
M.
J.
J.
M.
A
A
A
A
A
N
J
N.
O
8.
A N.
A N.
A J
A J.
A N.
A S
A J.
A J.
A S
M. A S
Jan. I.“i9i5
Jan. 1, 1885
Jan. 1, 1915
do
N.Y., H.Talmadge ACo.
lanu’ry N. Y., L. Borg, 35 Wall.
2
10,000,000
1,900,000
200,000
Mexican Oriental Interoceanic d
International.—This company is
orrned to build from Laredo to
City of Mexico, 600 miles, in connection
with the Gould system ot roads
terminating at Laredo, and a traffic
agreement from them of 25 per cent of
gross earnings. See V. 34, p.
605. The Mexican Government
grants a
net $12,000 per mile. See circular of Mr. subsidy which it is said will
Gouid, as President of Mo.
Pacific, in V. 33, p. 687, 716. (V. 34, p. 489,
605; V. 35, p. 320).
Michigan Central.—Dec. 31,1881, owned from Detroit,
Mich., to Ken¬
sington, Ill., 270 miles ; used jointly
with Ills. Central, Kensington to
Chicago, 14 miles; leased
250,000
2,600,000
16,704,000
(?)
o.
In Texas 167 miles of the Texas
Mexican Road from
to Laredo connect with this road aud are
-
7 g.
8
4
8
3
6 g.
250 Ac.
1,000
1,000
from Mexico
to
Irapuato, 219, miles; El Paso del Norte southward, 122 miles, City 20
and
miles of Tampico Division ; total, 361 miles. Under the
management of
Boston capitalists. Whole liue when
completed will be (1) the main
line, from the City of Mexico to El Paso; (2) from
Tampico westerly
through San Luis to the main line; (3) from the main line to the
City of
Guadalajara, and thence to Pacific Coast at San Bias. The
company lias a
subsidy from the Mexican Government of $15,200 per mile on most of
the lines, which the Mex. Gov’t issues to the Co. as
the road is accepted,
in “ certificates of construction of the Central
R’y, to be redeemed with
6 per cent of all duties produced at the
maritime and frontier custom¬
houses of the Republic.” The subvention on
the main line will be about
$19,000,000. The first mortgage bonds were issued thus: $5,000 with
$1,000 income bond and 40 shares of stock for $4,500 cash. The stock
authorized is $32,0U0 per mile. Thos.
Nickerson. President, Boston.
Bee full exhibit in V. 35, p. 516.
(V. 33, p. 193, 469, 716; V. 34, p. 61,
147, 204, 291, 344, 407, 435; V. 35, p. 132, 320, 348,
47e, 516, 545.)
Mexican National Railway (Mexico).—This is
the road building from
Laredo to City of Mexico, 817 miles, of which about
400 was finished
by Oct., 1882, under the Palmer-Sullivan concession, from Mexico,
tfhis includes a subsidy of $10,000 per mile of road
secured by 4 per
oent of the Government receipts from
customs. With this subsidy the
bonds will be drawn for redemption at
par. Statements at some
length
as to the company’s affairs were in the
Chronicle, V. 33, p. 717; V.
34, p. 204. Bonds for $1,000 with stock for $1,000
were issued for
-
J.
7
1,958,000
....
$1,500,000.
in 1880 gross earnings were $658,852;
net earnings
$303,999; in 1881, gross. $765,840; net, $189,513.
The company
has a land grant from Congress of
1,000,000 acres, of which about
150.000 acres had been certified to it to June
30, 1881.
Tn^*
general mortgage carries 8 per cent interest after July, 1882. In April,
1880, control of this company was purchased by the St.
Louis A Iron
Mountain, and on Jan. 1, 1882, the coupons were
permitted to go to
default, and Mr. Marquand then offered to purchase the
coupons, hold¬
ing them as a lien against the company, but afterward the
coupons
■were paid.
Mr. Russell Sage obtained a judgment against the com¬
pany (see V. 35, p. 22.) F. A. Marquand is
President, New York City.
—(V. 34, p. 204, 265, 292, 378; V. 35, p. 22, 545, 575.)
320.)
7*
1,000,000
....
1,000
1,000
1,000
1,000
April 28, 1877.
p.
6 g-
3,500,000
5,312,725
M. A
1872
1870
1870
1874
1879
1869
1870
and the property sold in foreclosure. The new
company
'and the road was sold and reorganized
193,716,717; V. 34,
J.
100
82
39
Dividend.
A D. Boston, N.
Eng. Tr. Co,
8.
do
do
J. A J. Boston and New York.
...
949
270
103
10
1,323,614
265, 292, 409, 714; V. 35,
SI,050 cash. The road is built by the
6
Wh
10m.
1,264,000
1*000
Memphis & Lillie Rock.—Dec. 31, 1881, owned from Little
Rock,
Ark., to Memphis. Tenn., 135 miles. Default was matte
November, 1872,
r
8
646,200
1,000
25
1854
1867
1877
1877
1877
1881
292
133
—(V. 33, p. 553, 560; V. 34, p.
236, 298, 373, 405, 431, 516, 602.)
Mexican Central
$1,430,500
Payable
Vearly-’81-’83
July, 1907
July 1, 1911
July 1, 1911
N. Y. Office, 47 William.
July 1, 1912
Boston,
do
Grand Central Depot.
N. Y., Union Trust Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Middleto’n,N Y..lstN.B
Feb. 1. 1883
May 1,190a
Jan. 1,1899
Nov. 1, 1890
April 1, 1883
1909
Nov. 1, 1889
Nov. 1. 1890
Jan., 1883
July 1, 1886
May 1,1902-3
Mar.
1, 1931
July 1,
July 1,
Sept. 1,
Sept. 1,
1885
1885
1891
1891
1886
1921
Mar. 1, 1909
Company’s Offices.
M. A S N. Y.. S. 8. 8ands A Co.
M. A N N.Y., N. Bk. of Com’rco
M. A N
do
do
May 1, 1921
May 1, 1911
OPERATIONS AND FISCAL RESULTS.
‘ 1878.
Operations—
1879.
1880.
1881.
Passengers carried.
1,373,530
1,445,655
1,699,810
2,079,289
Passenger mileage
79,684,072 93,232,430 115,523,789 135,706,148
*ate» pass’geri# mile
2*41 cts.
2*21 cts.
2*13 <?ts.
2-07 cts.
freight (tons) moved. 2,786,646
3,513,819
3,797,137
4,196,896
Freight (tons) mileage548,053,707 721,019,413 735,611,995
790,022,930
Av. rate # ton $ mile
0*848 cts.
0*692 cts.
0*842 ots.
0*718 cts
.
...
Earnings—
Passenger
$
1,918,609
4,646,248
Freight
Mail, express, Ac
307,237
Total gross earnings.
6,872,094
Operating Expenses—
$
Mamt. of way. Ac....
854,554
Maint. of equipment.
64^,718
Transport’n expenses 2,296,394
Taxes
204,497
Miscellaneous*
363,075
Total
Net earnings
4,367,238
2,504,856
P
$
2,062,265
4,986,988
297,541
7,346,794
$
904,613
623,730
2.455,164
201,682
514,403
4,699,592
2,647,202
$
2,461,771
6,195,971
$
2,812,706
5,675,731
312,050
8,800,487
293.633
8,951,375
$
1,226,536
$
1,627,919
825,196
3,431,244
215,802
631,935
6,732,096
2,068,391
670.006
2,824,901
197,255
820,053
5.738,751
3,212,624
ct.op.exp.to earn’gs
63*55
63*97
64*11
76*50
Includes legal expenses, rentals, loss and
damage or freight, injuries
to persons, car
mileage, commissions, and several small items.
*
INCOME ACCOUNT.
1878.
1879.
$
Receipts—
1880.
Net earnings....’
Interest A (Lividends.
2,504,856
119,664
$
2,647,202
68,634
Total income
2,624,520
2,715,836
3,346,99
184,310
1,431,640
184,310
1,403,472
1,030,601
5*2
1,385,120
1,499,056
97,453
70,000
208,512
2,715,836
1881.
$
$
3,212,624
3,346.998
Distnu'sements—
Rentals paid
Interest on debt
Dividends
Do
rate per ct.
Miscellaneous
Balance, surplus
Total
749.528
4
97,840
161,202
2,624,520
2,068,391
134,374
133,845
•
2,202,236
184,310
184,310
1,508,616
468,455
24
8
-
40,855
2,202,236
The Jackson Lansing A
Saginaw debt is assumed by Michigan Central,
which also pays $70,000
per year on the stock of $2,000,000, one-third
of which it owns; the
proceeds of J. L. A S. lands go to pay bonds,
and in 1881 sales amounted to
45,667 acres, for $645,953,* leaving
363,214 acres unsold, valued at $2,724,105. Interest
was passed on
the Detroit A Bay
City bonds, not guaranteed, November, 1875, mid
sale was made Feb.
12,1880, for $3,625,750. In
Michigan Central bonds for $4,000,000, secured by March, J881, the
mortgage on that
road, were issued.—(V. 32. p. 205, 368. 437,
497, 511, 679, 686; V. 33.
p. 225, 358, 709, 744; V. 34, p.
518, 617, 637; V. 35. p. 22, 431, 456,
576, 729.)
Middletown
Unionville d Water Gap.— Dec. 31,1881, owned from Mid¬
dletown, N. Y., to Unionville, N. J. State Line, 13 miles,
Itoad opened
June 10, ’68. Is leased to the N. J.
Midland RR. at a rental of 7 per cent
on stock
($123,850) and interest on h’ds. G. Burt,-Pres’t,
Warwick, N.Y.
Midland North Caiolina.—Jan. 1,
1882, owned from Morchond
City to
Goldsboro, 95 miles, and constructing to
Salisbury, 150 miles further.
Total projected line is 565 miles.
Stock, 5,000,0U0. American Loan A
Trust Co., Boston, is trustee. (V.
34, p. 461; V. 35, p. 51, 574, 625, 706.)
Milwaukee
Lake
Shore
d
Western— Dec.
31,
Milwaukee, Wis., to Summit Lake, Wis., 225 miles;1881, owned from
branches—Hortonville to Oshkosh, 23 miles; Manitowoc to
Two Rivers, 6 miles, and Eland
Junction to Wausau, 23 miles; total
operated, 276 miles. The
defaulted
company
the
interest of its bonds in Dec., 1873. and on
Dee. 10,
1875, the property was sold in foreclosure for
$2,509,788 and pur¬
chased by bondholders.
The reorganized
company has $5,000,000
preferred stock and $1,000,000 common.
A consolidated
mortgage
for $5,000,000 is issued to take
up all other debts, and the
on
extensions, Ac.
balance for
In
addition to above, there are
$87,000 divisional
outstanding, Pref. stock has a prior right to 7 per cent from net
earnings. The annual report for 1881 was given in V.
34, p. 713. In
1880 gross earnings were
$427,751; net earnings. $154,487. In 1881
gross, $637,485; net, $212,659. (V. 32,
p. 232. 288, 569, 578, 636,
657; V. 33, p. 580; V. 34, p. 115,
177, 655,
bonds
374, 431, 487, 576, 677, 706.)
713; V. 35,
p.
189.373,
Milicaukee d Northern.—Jan.
1,1881, owned from Green
Sehwartzburg, Wis., 104 miles; branches—Menasha and Bay, Wis.,
Hfilbert, Wis., 22 miles; total operated, 125 miles. The Appleton to
new bonds
carry 4 per cent for one year, 5 per cent for one
year and 6 thereafter.
June 5, 1880.foreclosiire was made and
road sold for $1,500,000. The
stock is $2,155,000, same as
bonds. It is leased to Wisconsin Central
at a rental Qf 37*2 per cent on
gross earnings, terminable by either
to
December,
KAILROAD
1832.]
Subscribers will confer a great favor
(
DESCRIPTION.
s
T
til
on
first page
*
of tables.
Hill & Schuylkill1
CV
T.
Mine
„
_
I.'/,
-P-
Milos
Size,
Date
of
126
67
.
Amount
Value.
Outstanding
Rato pci
Cent.
$1,000
1880
1877
1877
1877
1879
102
)
or
$2,155,000
4, 5,6
Par
of
Road. Bonds
a
1,000
1st mortgage,
53
21
172
92
100
100
..
“
gold (Tebo. & Neosho)
182
100
786
786
2d mortgage
do
Iiiteruat. A Gt. North’n, 1st rnort., gold
do
2d mortgage.
Colorado Bridge bonds
do
Missouri Pacific—Stock
1st mortgage, gold.
2d mortgage (sinking
fund $30,000 per annum)..
Real estate (depot) bonds
Debt to St. Louis County (no
3d mortgage
Consol. M., gold, for
734
723
283
283
_
bonds)
$30,000,000 (coup, or reg.)..
Carondelet Branch, 1st mortgage
Mortgage on Omaha
73 4
Branch
636,000
246,000
500.000
1,382,000
976,000
1,100,000
44,652,000
2,296,000
1,000
1,000
100
1868
1870
1871-3
1,000
1,000
1,000
g.
June 1, 1910
July 14, 1882
Jan. 1, 1907
Feb. 1, 1927
Jan. 1, 1907
June 1, 1909
J.
J.
J.
A.
A.
J.
New York.
D.
do
D.
J. N.Y., Continental N.Bk.
New York
O.
A 0. N. Y., Imp. A Trad. Bk.
do
A J.
Doc. 1, 1910
June 1. 1910
Jan. 1, ’86-’91
J.
J.
F.
A.
M.
J.
J.
M.
M.
M.
M.
A
A
A
A
A
A
A
A
A
A
A
14,772.000
8,123,219
500 Ac.
1,000
914,000
1880
1880
1870
1872
1,000
12,470,000
1879
1881
1880
•
•
•
1,000
1,000
1,000
500 Ac.
.
•
•
7,95 4,000
7,054.000
225,000
•
100
1868
1,000
1871
1.000
500 Ac.
1872
447,000
768,000
32.000
•
g.
g.
g.
lSia
147
1876
1880
1873
1832
7
1,000
245,000
(?)
6 g.
6 g.
debt
Minneapolis & St. T.ouis.—Dec. 31, 1881, owned main line, Minueap
olis to Angus, 260 miles; Pacific Division. Wiuthrop to Minneapolis. 62
inilos; White Bear Branch, 15 miles; Taylor’s Falls Branch, 20 miles
Hart’s Ford Branch, 3 miles; leased, White Bear to Duluth, 145 miles
total operated, 506 miles. In June, 1881, a consolidation was arranged
with $2,000,000 of stock. (See V. 32, p. 613.)
Gross earnings for year
1881 were $1,071,183; net. $265,805. The bonds of the $1,100,000
mort. (1877), numbered from 1.101 to 1,400, for $500 each ($150,000
in all), are guaranteed by the Burlington Cedar Rapids A Northern
Railroad. The bonds on the 15 miles were issued by the Minneapolis
A Duluth Railroad before it was absorbed by this conipauy. Preferred
stock of $8,000,000 is authorized and $4,000,0JO issued; common stock
$12,000,000 authoiized and $6,000,000 issued; par of both $100 per
share. The projected Southwestern extension runs from Fort Dodge,
la., towards Kansas City, Mo., 325 miles, with a branch to Council
Bluffs, 140 miles. W. D. Washburn, President. (V. 32. p. 121, 500, 569
612; V. 33, p. 201, 470, 528 ; V. 34, p. 62, 521, 548, 549; Y. 35, p. 405
577, 637, 706.)
Mississippi dt Tennessee.—September 30, 1832, owned from Grenada
Miss., to Memphis, Tenn., 100 miles. Capital stock, $825,400. Debt
was consolidated as above in 1877.
Earnings for three years past
were:
1879-80, gross, $525,489 ; net, $269,379; 1880-81. gross, $492,186; net, $194,346; 1881-82, gross, $406,651; net, $152,492. (V. 34,
p. 59; V. 35, p. 657.)
Missouri Kansas <£ Texas.—Dec. 31,1881, owned from Hannibal, Mo
to Denison, Texas, 576 miles; branches—Parsons, Kan., to Junction City,
Kan., 157 miles; Wliitesboro, Tex., to Ft. Worth, Tex., 71 miles; Ft.
Worth, Tex., to Hillsboro, Tex., 55 miles; Denison, Tex., to Gainesville.
Tex., 41 miles; Denison to Miueola, Tex., 103 miles; total, 1,003
miles.
International & Great Northern, March, 1882— from Longview,
Texas, to Houston, Texas, 236 miles, and Palestine, Texas, to Laredo,
Texas, 415 miles; branches—Longview to Jarvis. 29 miles; Houston te
Columbia, 50 miles; Phelps to Huntsville, 8 miles; leased—Round Rock
to Georgetown, 10 miles: Henderson to Overton, 16 miles; total oper¬
ated March, 1882. 760 miles.
The Missouri Kansas & Texas Company was organized April, 1S70,
and embraces by consolidation the Union Pacific—Southern Branch, the
Tebo & Neosho and other minor companies. In 1874 the Hannibal A
Central Missouri was purchased. The company made default on their
consolidated bonds in Dec., 1873, and was operated by a Receiver from
Dec. 30,1874, to July 1,1876. when the Union Trust Company of New
York took possession.
The election of Mr. Gould as President took
possession
of its property, paying the overdue coupons. The Missouri Kansas A
Texas bonds and Union Pacific Southern Branch bonds till 1881 received
5 per cent only in cash and balance in scrip. The company had a
land
grant from the United States estimated at 817,000 acres and from the
State of Kansas 125,000 acres. There is also a grant in the Indian
Territory of 3,622,400 acres subject to the extinguishment of the Indian
title. The Booneville Bridge Co. is a separate organization, and earns
interest and proportion for sinking fund. Nov. 17,1880, stockholders
voted to increase stock by $25,000,000, to make extensions to Rio
Grande River and City of Mexico and Fort Smith, Ark. The general
consolidated mortgage is at $20,000 per mile on all road built and to
be built; of which $18,217,000 is reserved to take up first consol, and
prior bonds; $10,000,000 reserved to take up income bonds and inter¬
est, with bonds under this mortgage which may carry less than 6 per
cent interest. At end of 1881 there were outstanding, in addition to
above, $2,003,262 income coupons 6 per cent scrip.
At a meeting of stockholders May 18, 1881, a lease to the Missouri
Pacific for 99 years was ratified on terms following:
That the
lessee operate the road and pay the obligatory mortgage interest, pay¬
ing over the balance to the Missouri Kansas & Texas Company. If there
is a deficit in income the lessee may advance money to pay interest, or
in ease of failure to make such advance the Missouri Kansas & Texas
possession of its road.
(See V. 32, p. 613.)
The International A Great Northern Railroad was merged with this
company in May, 1881, uy an exchange of two shares of Missouri
Kansas & Texas for one of International & Great Northern.
The International & Great Northern was a consolidation of the
Houston & Great Northern Railroad and the International RR. of Texas
Sept. 22,1873. The company made default on its bonds, and a Re¬
was appointed in April, 1878.
Sales in foreclosure were made
July 31 and Oot. 14, 1879. In the reorganization the lands of the com
pany, amounting to about 5,000,000 acres, were conveyed to the
•eoond mortgage bondholders in full settlement for their lien on the road,
on
ceiver
whioh
was
thereby discharged. The 8 percent income bonds were
8
7
5,169,000
576.)
can resume
7
3,828,000
1,000
205,000
issued
A
A
A
A
J. N. Y., Company’s Oflloe.
do
do
D.
A. N.Y., Mercantile Tr. Co.
N. Y., Co.’s Ofiiee.
O.
do
do
N.
do
do
D.
do
do
D.
do
do
N.
do
do
N.
do
do
N.
do
do
S.
April 1, 1921
April 1, 1902
July 1, 1902
Jan., 1899
June, 1903
1904-1906
April 1, 1911
May 1, 1906
Doe.
May 1, 1890
May 1. 1892
1. 1919
1909
1920
Jan. 2, 1883
Nov.
Now York, Office.
K A A. N.Y., Mercantile Tr. Co.
do
do
J. A J.
do
do
M. A N.
St. Louis.
mont’lv
M. A N. N.Y.. Mercantile Tr. Co.
do
do
M. A N.
do
do
A. A O.
Q.-J.
Aug.. 1888
July, 1891
May 1, 1892
Feb., 1885
Nov., 1920
1, 1893
Oct.
■
N.Y.. Mercantile Tr. Co.
....
....
1, 1920
1900
....
1.000
such
On Dec. 1, 1880, the company took
g.
g.
g.
1,000
party on 6 months’notice, and on Fel). 1, 1882, the lessee gave
notice.
Gross earnings, 1879, $383,251; net, $136,033.
Gross in
1880, $470,861; net, $175,053. Gross in 1881, $530,250; net. $193,944
-(V. 32, p. 335, 437; V. 34, p. 147 ; V. 35, p. 51, 103. 291,
Mine Hill & Schuylkill Haven— Nov. 30, 1881, owned from Schuylkill
Haven. Pa., to Locust Gap, Pa., with branches, 66I2 miles.
Road was
leased May 12, 1864, to the Philadelphia tv Reading Railroad Co. for 999
years at a rental of 8 per cent on the capital stock.
no
and 7 per cent dividends are paid. Operations not separately reported
included iu lessee’s returns.
place in January, 1880.
g.
g.
6 g.
700,000
Missouri River RR., 1st mort
There is
g.
g.
1%
30,000,000
7,000,000
2,573,000
800,000
_____
299
708
7
7
6
7
6
6
7
7
6
6
7
349,000
1876
1873
Stocks- Last
Dividend.
by
6 g.
1,015,000
1,000
1.000
1,000
1,000
1,003
Consolidated mortgage, gold, on road and land...
2d mortgage, income (interest cumulative)
Booueville Bridge bonds, gold, guar
1,346
General consol. M..gold (for $45,000,000)
East Line A Red River
70
Hannibal A Central Missouri, 1st mortgage
70
do
1880
1880
1881
1881
1877
1877
Payable
pal, When Due.
Where Payable, and
Whom.
7
7
7
6 g.
8
8
280.000
1,000
1.000
When
A D N. Y.,Mereh.Exeh.N.Bk.
A J. Phila.M.H. AS. H. R.Co.
A J. N. Y., Continental N.Bk.
do
do
A D.
do
do
A N.
do
do
A D.
7
7
7
7
950,000
500 &c.
’
Mississippi <£- Tennessee—1st mortgage, series
1st mortgage, series “ B, ” (a second lien)
Missouri Kansas <£ Texans—Stock
| Monas—Princi¬
J.
J.
J.
J.
M.
J.
3*2
4,022,500
455,000
50
1882
Mortgage on Southwestern extension
Mortgage on Lake Superior Extension
2d mort. bonds, income, 5 A 10 years
1st mortgage, gold. Pacific Extension
discovered in these Tables.
INTEREST OR DIVIDENDS.
Haven—Stock..
Ilf in f
A1
of
XXXIX
by giving Immediate notice of any error
27
93
15
Milwaukee <£• Norther nr—1st mortgage.
AND BONDS.
STOCKS
for one-half of old mortgages and overdue interest.
Interest at 4 per
cent for 1879 was paid on these and for 1880 5 per cent, and afterward
the option was given to exchange these for the new 6 per cent
second
and most of them were exchanged, leaving only $370.000 out Oct, 1882, which amount is included under 2d mortgage bonds
above. Iuternat. A Great Northern earnings iu 1881 were $2,837,897;
net, $731,588. Prices of Missouri Kansas & Texas stock have been:
mortgage bonds.
April
May
39 V 351s
...
....
June
48
383a- 251*2
36ia- 263y
:->5 V 29
33 - 2814
34V 267s
50is473s473*54
-
-
533Q-
401^
393s
421^
43
4412
49
51V 40^4
453a- 37
44
39ia
42V 3678
44V 33*2
41V 347a
41V 333*
July
..
4212- 3?i8
Sept’ber.
4LV 37i0
October..
Nov’ber
Dec’ber..
37 V 3212
August
.
No pamphlet report of M. K. & T. for
to Poor's Manual had the following:
1878.
Miles of railroad
Earn'gs <£ expenses—
1881.
1882.
1881.
18S2.
Jan
Feb
March
-
36i2- 2814
1831 was issued, but the returns
1879.
786
18S0.
879
$
786
1381.
$
1,003
Miscell. earnings
$
766,602
2,039,928
175,152
173,677
3.110,461
232,389
Gross earnings..
Expenses, taxes, Ao.
2,981,632
3.344,292
2,383,035*. 2,072,751
4,161,671
2,616,046
5,360,837
3,299,541
1,271,541
228,333
1,545,625
2,061,296
149,622
Passenger earnings.
Freight earnings....
Net
earnings
....
Imp.,eng.,car hire,&o
593,592
250.109
714,7*1
820.201
1,058,054
2,455,864
4.050.119
252,663
348,483
1,043,208
1,545.625
3,449,163
47, 74, 201, 358, 404, 412, 470, 589, 716, 736; V. 31, p. 292,
344, 378, 522, 625, 714 ; V. 35, p. 77, 133, 291, 320, 637.)
Available revenue
..
-V. 33, p.
J[issouri Pacific.—This was a consolidation in August. 1880, embracing
the Missouri Pacific, St. Louis & Lex., Kansas City A East, and Lex. <fc
South, in Missouri; and the St. Louis Kan. & Ariz. and Kan. City Leav.
& Atch. in the State of Kansas—Dec. 31,1881.904 miles. In May, 1881,
the St. Louis Iron Mountain & Southern was taken in, as follows : From
St. Louis to Texarkana, Texas Line, 490 miles; branch lines, Mineral
Point, Mo., to Potosi. Mo., 4 miles; Bismarck, Mo., to Belmont, Mo., 121
miles;Poplar Bluff, Mo., to Bird’s Point, Mo. (Cairo), 74 miles; Gurdon*
Ark., to Camden, Ark., 34 miles; total, 72 i miles.
The Pacific Railroad of Mo. was sold in foreclosure of the 3d mortgage
Sept. 6, 1876, for the nominal price of $3,000,000, to C. K. Garrison
and others, and a new company organized with a stock of $800,000.
The consolidated mortgage aboveis for $30,000,000—trustees John F.
Dillon and Edward D. Adams. The bonds are issued to retire the out¬
standing bonds of the consolidated company, as above given, amounting
to $20,184,000. The remaining $9,816,000 arc issued as may be re¬
quired for finishing, constructing, purchase, acquisition, Ac.
The St. Louis Iron Mountain & Southern stock was taken up with
Mo. Pacific iu May, 1881, on the basis of three shares of Mo. Pacific for
four shares of Iron Mountain, and the St. Louis & Iron M. stock is
‘
held
givin
one
now
,
road from Knobel, on northern
line of Ark. to La. State line, in
Ashley Co., under the Cairo & Fulton charter.
No annual report for Missouri Paeific was issued for the year
but the following is from returns made to Poor's Manual:
1881,
$8,640,957
3,628,154
Net earnings
$5,012,802
Payments: Rental of leased lines, $78,500; interest on bonds, $1,295,371; other interest, $49,000; dividends (April, July, Oct. and Deo. 31,
1881. 1*2 per cent each), $1,524,167; other payments, $524,465; total,
$3,471,503. Balance, surplus, $1,541,299. Surplus from last year,
$2,516,457. Balance to credit of income account Deo. 31, 1881,
Earnings
Expenditures
$4,057,756.
GENERAL BALANCE
SHEET DEC.
Assets.
Construction & equip.
Real estate
Stocks and bonds
Materials and fuel
Current accounts
Cash on hand
31,1881.
T
labilities.
$33,555,939 Capital stock
73,766
20,300,866
1,091,763
6,463,138
Funded debt
Sundry accounts
Bills payable
Profit and loss.
585,540
Total assets
$62,071,014
The St. Louis A Iron Mountain road
and finally made a compromise with
Total liabilities
$29,955,875
20,664,000
6,941,926
451,956
4,057,756
$62,07 L,014
_
defaulted on its interest in 1875
its bondholders, issuing the first
pref. income bonds due in 1891-95-97 and 1914, the overdue coupons on
mortgage bonds, the coupons not being canceled but held in trust as
security. The 2d pref. iucome bonds, due 1914, were issued to holders
and those bonds deposited as security •
been paid on the iuoome bonds, but
nothing since, and suit has been commenced to oompel the payment
of consolidated mortgage bonds,
Interest to Dec. 31, 1879, has
RAILROAD STOCKS AND BONDS.
a
DESCRIPTION.
great favor by giving immediate
notice of any error discovered
in these
Miles
Date
For explanation of column
headings, Ac., see notes
of
of
on first
page of tables.
Road. Bonds
Missouri Pacific—(Continued)—
Leavenworth Atcli. & N. W., 1st mort.,
21
guar
1870
8t. Louis &
Lexington, 1st mort
St. L. Iron Mt. & So., 1st
mort., coupon
210
1867
do
2d mor., gold, coup.,
may be registered
310
1872
do
Ark. Branch, 1st mort.,
gold, land gr'*
99
1870
do
Cairo Ark.& T., 1st, gold,
cp.or reg
71
1872
do
CairoA Fulton, 1st, gold, on road&land
304
1870
do
1st pref. income
bonds,reg. (cumulative)
1879
do
2d pref. income
bonds,reg.(cumulative)
1879
8t. L. I. Mt.A S.,Gcn’l consol. M.
(for $32,036,000)
686
1881
do
do
supplemental
34
1S81
Mobile d Alabama Grand
•
•
•
"
Trunlc—Stock
mortgage bonds ($20,000 p. m.), coupon
Mobile d Girard—2d
mort., end. by Cent. Ga. HR..
3d mortg. bonds
Mobile d Montg.—Stock
Mobile d Ohio—Stock
56
56
85
....
528
472
do
do
do
do
4th
do
do
Cairo extension (Ky. A Tcnn.
RR.)...
do
do
do
....
....
....
*>2
Montgomery d Eufaula—1st mortgage.
Montpelier d Wells
81
38
110
Hirer—Stock
mortgage, extension, gold
150
132
84
Morris d Essex—Stock
.-1st mortgage, sinking fund...
2d mortgage
.Convertible bonds
84
.
....
)
Special real
estate
1874
1869
1S77
180
2d
3d
1st
*
34
137
mortgage
Real estate terminal mort.
(guar. D. L. A W)...
1879
1879
1880
1879
1878.
685
Passengers carried...
600.556
Pass’rs carried 1 mile 32,396,103
Freight (t’ns) moved
694,601
1879.
685
1,000
1,000
1*000
(?)
(?)
1,000
1,000
100
1,000
1,000
1,000
652,757
829,152
Freight earnings
Miscellan’s earnings.
Grose earnings
Expenses, taxes, Ac.
3,282,898
203,539
4,103,665
207,795
4.514,321
2,568,365
5,292,611
6,265.597
2,992,050
4,075,226
312, 347, 637, 737.)
;
1,000
1,000
1,000
1,000
1881.
719
913,755
57,640,368
1,593.943
1,527,894
5,147,677
711,402
7,686,973
V. 35, p. 77, 104, 182,
$261,000
in the
aggregate
excluding
amounting to $7,000,000.
Farmers’ Loan A Trust
four series of preferred
Co., as
income and sinking fund trustees, to
These debentures are
debentures.
secured by a deed of trust
to the
A Trust
Company, covering specifically the lands Fanners’ Loan
1,150,000 acres of land donated
(including
by the United States) and other over
erty not necessary for the operation of
prop¬
the road.
rate of 7
Interest at the
per cent per annum, or in
not exceeding 7
multiples of 1 per cei.t, hut
per cent in any one
year on
is payable
annually upon each series in the order these debentures,
of their
but only if earned in the
priority,
preceding fiscal year, and
lative. The holders of
debentures have one vote for each is non-cumuyear they instructed the Fanners’
$100, and each
L. A T. Co.,
the stockholders’
how to vote at
meetings upon the majority of trustees, of
the
Ohio Railroad
Company, the power to vote upon stock is the Mobile &
•with the Farmers’ Loan A
which
irrevocably
Trust Company, until the
said debentures. The
foregoing bonds and debenturesextinguishment of
are issued in for¬
bearance, extension and compromise of
the present indebtedness
Mobile A Ohio
secure
of the
Railroad, the entire amount of which
1 per cent of the first
(excepting less than
hens and a
very limited percentage of the inferior
liens), with the power and
Circuit Court of the United authority to avail of the decrees of the
States, adjusting and
debtedness,^ re assigned and transferred to
establishing said in¬
the Farmers Loan A
Company, as trustees, for the further
Trust
tures nereiu refeired to.
security of the bonds and deben¬
The capital stock authorized
by the charter is
£10,000,009, or 100,000 shares of
15,000,000
5,000,000
2,999,000
3h2
284,000
4,991,000
}
7
7
7
7
5,994,000
|
7
\
3,345,000
New York
$100 each, of which there have
been
Dividend.
Oct. 1, 1889
do
do
Aug! *i,*
or
June 1, 1897
Jan. 1, 1891
do
do
do
do
do
do
April 1,1931
April 1, 1931
London.
Juiy'lV
York
A
June. 1897
(?)
J.
A D. N.Y. Farmers’ L’n A
Tr
New York City,
! Yearly.
do
do
; Yearly
do
do
'
do
Yearly.
do
J. A J. : X.Y., 11 Pine
Street.
Dec.
Yearly.;
i
1910
Jan., 1889
|
....
1892
do
do
do
do
j.! New
&
Bonds—Piihciv
Stocks—Last
pal,When Due.
London.
May
N.Y., Mercantile Tr. Co. June 1, 1897
1, 1895
do
do
1, 1927
July 1, 1892
July 1, 1909
; J. & J.
I A.
A
&
&
IM &
If. &
J. &
A. &
I J. &
J.
J.
! J.
Boston.
New Y'ork.
O.
J.
J.
N.
a.
J.
(?)
April 1, 1918
do
N. Y., Del., Lack & W.
do
do
do
do
do
1
do
do
do
do
do
O.
D.
July 1, 1920
Jan. 2, 188£
May 1, 1914
Aug. 1, 1891
Jan. 1, 1900
Oct., 1901
June 1,1915
A
JJ N. Y.. Del. Lack. A W.
July 1, 1912
issued 53.206 shares. The
debentures are secured by a deed of
trust of tlie
land.about 1,143,222 acres, and
The Cairo Extension bonds receive7percent, if earned.
may be redeemed before
maturity any
January 1 or July 1 at 110, six week's notice
being
In August, 1881,
7 per cent was declared on 1st given.
preferred incomes;
also 2 per cent on 2d incomes.
In August,
1882, only 2 per cent was
declared on the first preferred incomes.
The last report was published in the
Chronicle, V. 35, p. 429. Oper¬
ations for five
years ending June 30 were:
OPERATIONS AND FISCAL RESULTS.
Operations—
1879-80.
10,468,635
86,956,914
$398,217
Earnings—
Passenger....
$416,127
1,791,503
1,772,984
113,415
Mail, express, Ac.
$2,284,616
1,459,650
Net
earnings
on
on
170.187
1881-82.
12,409,125
/
o,
184,o3d
$401,702
1,617,932
144,649
$2,377,817 $2,164,274
1,562,486
1,602,145
$824,966
Total disbursements
$420,000
408,000
$456,000
$809,500
incomes
$562,129
339,500
mortgage bonds
$815,331
$420,000
Disbursements—
Interest
Interest
1880-81.
11,312;655
80,406*765
4,931,863
$951,051; net, $226,193. (V. 34,
p. 265.)
Mobile d Ohio.— June
30, 1882, owned from Mobile,
Ala., to Columbus
Ky., 472 miles, and extension (by Ky. A
Tcnn. RR.) to Cairo, 21
miles
branches—Artesia, Miss..to Columbus, Miss., 14
to Starkville, Miss., 11
miles; Artesia, Miss,
miles; Muldon, Miss., to
total operated, 528 miles.
Aberdeen, Miss., 9 miles,
The Co. funded
coupons from their bonds in
Feb., 1867, and resumed payment of
interest May, 1870. In 1872
the 2d
mortgage bonds were issued to
May 1, 1874, and two trustees pay floating debt. A default was made
and receivers took
1875. The stock and bonds of
possession May 8,
the company were
Stock Exchange list in
placed on the N. Y
July, 1879: First,-New
Loan A Trust Co., of New
mortgage
York, as trustees, upon the mainto the Fanners
line,
branches, to secure bonds
of trust to the
1,800,000
!
Mobile <£*
Girard.—May 31,1882, owned from Columbus,
Ala., 84 miles. Common stock,
Ga., to Trov
$987,164; preferred stock, $279,900, ant
$5,080 Pike County stock. Second
mortgage bonds are endorsed
Central RR, of Ga, There are also
by
$33,000 3d mort. 6
due June 1, 1897. In
September, 1882, it was voted to per cent bonds,
issue $250,000
bonds to extend to
Elba, Ala. In 1880-81, gross
net, $86,673. In 1881-82,
earnings. $275,846;
gross, $269,011; net, $59,443.
V. 34, p. 130; V. 35.
"(V. 33, p. 73
p.431.)
frefegg
Mobile d Montgomery.—Dee.
31, 1881, owned from
to Mobile, Ala., 180 miles.
Default was made on the Montgomery, Ala.
the road was sold in
foreclosure Nov. 10,1874, and bonds in 1873 and
purchased bv bond
holders, who organized this
company
$1,550,000 of the stock owned in this on a stock basis, in Nov.’, 1879,
country was purchased by parties
in the interest of the Louisv.
&
that company. The old mort. Nasliv. RR. at 80, giving the control to
debt, out June 30,
Gross
1881, was
Second.—Deed
5,000,000
1871
1875
new stock and bonds
earnings in 1880-81,
6 g.
7
7,
7
7
6
6
2
7
6 g.
j.
and by
Jj. a j.; N. Y., Nat.
City Bank.
jj. & D.i
do
do
}F. & A.| N. Y., Drexel, M. & Co.
!
1.500.000
800,000
*
Mobile d Ala. Grand Trunk—Dec.
31, 1881, owned from
to Bigbee Bridge, 56 miles.
Mobile, Ala..
The company has been in
be sold in foreclosure unless
default, and will
reorganized without sale. The
plan pro
iironicle, V. 32, p. 636, but the modified was given at length in the
plan proposes to give ,$420
in new mortgage
bonds, $300 in
$1,000 of old bonds, on payment incomes, and $480 in stock for each
of $120 cash by holders. Old
holders to receive 50
stock¬
per cent in new stock. T. G.
Bush, President.
—(V. 32, p. 636.)
Sosed for the issue of
2hi
7,000,000
5,300,000
1,850,000
1,000
Net earnings
1,945,956
2,300,555
2.190,370
2,755,110
—(V. 32. p. 183, 368, 469, 488, 526,
553, 569, 613, 659; V. 33, p, 24,
100, 125. 155, 176, 275, 304, 386,
442, 502, 560, 687; V. 34, p. 20, 75,
292, 316, 317, 344,
265,
345, 479, 489, 575, 655, 679
4
600,000
45,831,042
981,139
1,187,097
F’ght (t’ns) m’vdl m.170,988,859 226,573,979
263,223,376 309,271,737
Earn'gs d expenses—
$
$
$
Passenger earnings.. 1,027.884
981,151
1,268.873
4,697,017
295,676
8
Whom.
do
do
A.
N.
D.
D.
J.
!A. & O.j
!A. & 0.1
7 g.
000,000
600,000
Var’ns
i
Payable,
N.Y., Mercantile Tr. Co.
March,
March.
i
3,022,517
5,320,600
1,000
*
F. A
M. A
J. &
J. A
J. &
7
7
6
5
10,000,000
1,066,000
450,700
1,124,000
300,000
800,000
50
250
500 Ac
1.000
,
1864
1866
7
7
7
7
6,000,000
2,500,000
1,450,000
7,782,000
1,000
1,000
1882
1880.
685
31,348,280
4,000,000
50
1878
1880
A., A O.
650,000
1,000
of interest. The
company offered to exchange them for the new 5
mort. bonds, with which all other
per ct.
bonds are evcntuall3* to be
terest on both classes of the
income bonds is cumulative. The retired; in¬
Trust Co. of N. Y. is trustee of the
Mercantile
general consol, mort. The St. L. I. M.
& So. annual report for 1880
was published in V.
32, p. 285. Compara¬
tive earnings, Ac.. of St. L. I. M. &
S. for four years are as
follows :
Miles of railroad
$100,000
100
100
1879
1879
1879
Rate per When Where
Cent.
Payable
Outstanding
*....
Tables*
INTEREST OR DIVIDENDS.
Amount
Par
Value.
•
...
1st
[VOL. XXXV-
j
Subscribers will confer
$828,000
106,000
$562,000
Balance....
Sur.$15,46G Def.$l2,669
Sur. 129
-(V. 33, p. 176, 281, 329, 358; V.
34, p. 115; V. 35, p. 161,429.)
Montgomery d Eufauto.—Montgomery to Eufaula, Ala., 81
The road was foreclosed
miles.
May 1, 1879, bought by W. M.
Wadley, and the
present company organized.
Operated under contract by Cent. RR. of
Georgia. Stock’is $620,000. Gross
earnings year ending April 30,
1682, $364,756; net, $126,484.
Montpelier d Wells River.—Dec. 31,1881, owned from
Wells River, Yt., 38 miles.
Montpelier to
Reorganized
President, East Cambridge, Mass. Gross January, 1877. D. R. Sort well,
March 31, 1882,
$115,847 ; net, $23,421.earnings for 15 months ending
Morgan's Louisiana d Texas Railroad if;
Steamship Co.—March 31,
1882, owned from New Orleans to
Vermillioiiville to Alexandria, La., Vermillionville, La., 144 miles;
84 miles; other
branches, 21
miles; total, 249 -miles.
This
company’s application to the New
Y’ork Stock
Exchange, July, 1881, staled that: “The
company’s
property consists of sixteen iron
steamships, five of which ply
between New York and New
Orleans, nine between Morgan City,
La., and the various Texas and Mexican
Orleans, Florida and Havana ports; also ports, and two between New
four
dredge boats, wharves,warehouses, and terminal large ferry boats, tugs,
facilities, besides nearly
the entire capital stock of
the Gulf Western & Pacific
Railroad, Texas
Transportation Railway Co., Buffalo Bayou
Ship Channel
Co., and a
the capital stock or the Houston
& Texas Central
It operates 249 miles'of
completed road in Louisiana.
The capital stock is
$5,000,000. Gross earnings in 1881-82,
$4,188,622;
surplus over expenses, interest, A
$722,450. Chas. A. Whitney, Prest.,
New
majority interest in
Railway Co., Ac.
,
Orleans, La.
(V. 33, p. 100; V. 35, p. 51.)
Morris d Essex— Dec. 31,
1881, owned from Hoboken, N. J., to Phillipsburg, N. J., 8 4 miles; branch, Denviile, N-.
Hoboken, N. J., 34 miles; leased Dover to J., via Mor. A Es. Tunnel, to
Chester, 10 miles; Newark &
Bloom. RR., 4 miles; total
operated, 132 miles. In 1868 this road
was leased in
perpetuity to the Del. Lack. A W. RR. The lessees assume
all liabilities of the Mor. A
Essex RR. and
pay 7 per cent per
the capital stock, and
on
they also agreed to pay 8 per cent inannumthe
Morris A Essex earns 10
case
per cent on its stock in any one
year after the
year 1874. Earnings for five years
past were as follows:
Years.
1877
1878
1879
1880
1881
...
...
...
Miles.
121
121
121
121
121
Gross
Earnings.
$3,308,441
2,710,117
3,515,097
Net
Div’d
Earnings.
$1,222,507
p. ct.
782,328
7
1,559,354
7
7
3,823,652
7
1.446,193
4,240,656
7
1.647,019
The loss to lessee in 1879
was $900,701; in
1880, $1,012,416; In 1881,
$985,890. (V. 32, p. 183, 577 ; V.
34, p. 489, 687.)
Nashua d Lowell.—March
31, 1882, owned from Lowell, Mass., to
Nashua, N. II., 15 miles;
leased—Stony Brook RR. 13 miles; Wilton RR.,
16 miles;
Peterborough RR., 10 miles; total operated, 54 miles.
The road was operated with
the Boston A Lowell till Oct.
1, 1878. On
October 1, 1880, a lease for
100 years to the Boston A
Lowell was
made. The
company holds $300,000 cash assets
against the debt. The
rental is $60,000 per
year, equal to 7hi per cent on
stock, but, including
other revenue, dividends are 8
per cent.
(V. 32, p. 16, 43, 335.)
Nashville Chattanooga d St.
Louis.—June 30, 1882, owned from Chat¬
tanooga, Tenn., to Hickman, Ky., 321
miles; branches—Wartrace,Tenn..
to ShelbyvilJe,
Tenn., 8 miles; Bridgeport, Ala., to
Victoria, Tenn., 19
miles; proprietary lines—Nashv. to
C’auey Fork, 48 miles; Declierd to Lebanon, 30 miles; Tullahoma to
Fayettev., 40 miles; CentreYillo
...
...
December,
RAILKOAD
1882.]
STOCKS
AND
SalMCiHrers will confer a great favor by giving Immediate
DESCRIPTION.
Miles
^C^TrDlanatioii of column headings, Ac.,
ror e v
on
vnahua d
Date
of
of
see notes
first page of tables.
Road. Bonds.
Lowell—Stock
Bond^of Nl C.A St. L., 1st mort. on two branches
^
do
do
do
do
1st mort. on Lebanon Branch
for Jasper Braueh
•
puck River RR., 2d mort., endorsed
Nashville d• Decatur—Stock, guar’d G p. e.by L. A N.
lstmort. guar. s. f:
2d mortgage
1188709--0,,
or
Par
Value. Outstanding
-
$100
-
Jackson & Columbus.—1st mortgage
Naugatuck—Stock
Natchez
Kcsonchoning Valle;/—Stock
Nevada Central— 1st mort., gold (sink, f., $20,000)i
Newark J Hudson— 1st mortgage
Newark Somerset d Sfraitsv., O—1st mortgage
5
44
NewburgDutchess d Connecticut—Income bonds...
Newburgd: New York—1st mortgage
j
New Castle d Beaver Valley—Stock
New Haven d Derby- 1st A 2dnnortgages
New Haven d Northampton—Stock
12
15
13
170
92*
bonds, coupon
HolyokeA Wf,leased, 1stMq$200,000 guar.)
Cousol. sink, fund $15,000 per yr. A mort. bonds.
Northern Extension
New Jersey d New York— 1st mort. (reorganization)
N J. Southern—1st mort. (int. guar, by N.Y.A L.B.)
Long Branch A Sea Shore, 1st mort., guar
New London Northern—Stock
1st mortgage bonds
Mortgage
17
....
27
30
78
....
100
100
100
121
113
2d mortgage
Consol, mortgage (for $1,500,000)
N Y. & Canada—1st M., sterling, guar. D.A IT. Can.
1.000
1,000
1,000
as
Net Receipts—
Net earnings
715,134
1S79-S0.
1S79-80.
$
2,099,155
100
50
....
....
1879
1871
1869
1.000
500 Ac.
1363
GSA70 500
1869
1870
1879
1881
1880
1879
1869
....
1865
1872
1880
1874
1,000
1.000
1.000
914,407
Bonds sold, Ac
Total income
Disbursements—
Interest on debt and taxes.
Dividends
Extensions A improvem’ts
Miscellaneous
$
1,000
1,000
£100 Ac
715,134
914,407
$
486,709
164,161
$
57,145
475T320
232,020
360,963
50,93 L
1881-82.
$
878,009
1,878,184
$
541,514
237,806
833,592
39,006
872,598
$
583,577
300,164
1,212,428
603, 737.)
Nashville d Decatur.—June 30,1882, owned from Nashville, Tenn., to
Decatur, Ala., 122 miles. The road was leased May 4, 1871, to the L.
& N. RR. for 30 years from July 1, 1872, at a rental of 6 percent per
annum on the stock, to begin after the completion of the So. A North Ala.
RR., and the first dividend under this arrangement was paid April 1,
The lessee assumed ail the debt of the Nashville A Decatur Co.
earnings in 1880-81, $1,023,498; net, $343,258.
Nalchez Jackson & Columbus.—Jan., 1882, had built from Natchez,
Miss., beyond Martin, Miss., 60 miles. In progress to Jackson and
bonds sold in New York by Britton & Burr. Stock, $614,809.
See re¬
port, V. 34, p. 314, in which new financial plan is proposed. Earnings
for 1881, $57,469; net, $23,722,
(V. 34. p. 549, V. 35, p. 71, 339, 348,
487.)
Naugatuck.—Sept. 30, 18S2, owned from Naugatuck Junction to
Wlnstcd, Conn., 56*2 miles; lehsed, Watertown A Waterbary RR., 4k>
miles; total operated, 66 miles, 5 miles of N. Y. N. II. A Ha rtf. being used
between Naugatuck Junction and Bridgeport. Has no bonded or floating
debt. Operations and earniugs for three years past were as follows:
gross earnings, $592,151; net. $242,063; 18SO-81, gross,
$614,410; net, $201,390 ; 1881-82, gross, $714,898; net, $223,784.
—(V. 33, p. 6^1 ; V. 35, p. 574.)
Nesquchoning Valle;/.—Dec. 31, 1881, owned from Nesquelioning Junc¬
tion, Pa., to Tamenend, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to
Lansford, Pa., 1 mile; total operated, 18 miles. Opened in 1870, and
was leased for 999 years to the
Lehigh Coal & Nay. Co. at a lease rental
of $130,000per annum, but with an option for the lessees to terminate it
after 1878. In 1879 the lease was modified so as to
pay 7 per cent a
year only, and the option to terminate was suspended fiill Sept. 1, 18S4.
Nevada Central—Dee. 31, 1881,owned from Battle Mountain to Ledlie, Nev., 86 miles: branch, Ledlie, New,.to Austin, New, 7 miles; total,
93 miles. Stock, $1,000,000. Gross
earnings, 1881, $147,558 ; operat¬
ing expenses, $127,605; net, $19,952.
Nevada County—Dee. 31,1881, owned from Colfax to Nevada City,
Col., 23 miles, narrow gauge. In 1830 gross earnings were $115,655;
net, $41,168; in 1881, gross earnings, $116,465; net, $44,239. Stock,
$242,206.
J. C. Coleman, Pres., Grass Valley, Col.
Newark & Hudson.—Dec. 31, 1S81, owned from Bergen Junction to
Newark, N. J., 6 miles. Leased to New York Lake Erie A Western at a
rental of $33,000 per annum, which
pays interest on bonds and 7 per
cent on the stock of $250,000.
Cortlandt Farker, Pres’t, Newark, N. J.
Newark Som. d Sfraitsv.—Sept. 30,1882, owned from Newark, O.,to
Shawnee, O., 44 miles. Road was completed in 1871. Leased to Sandusky
Mansf. A Newark for 14 years from Jan. 1, 1872. Operated by the Balt.
A Ohio, which pays 30 per cent on gross
earnings, and advances any
additional amount necessary to meet the interest on the debt. Capital
stock, common. $795,400, and preferred, $218,200. Gross earnings in
$177,304; net, $41,548; deficit to lessee, $14,451. In 1381-2,
gross, $188,937; not, $13,078.
Ncwb. Du tchess d Conn.— Sept. 30,18S3, owned from Dutchess June.,
N. Y., to Millcrton, N. Y., 59 miles. The Dutchess A Col. RR. was sold
Aug. 5,1876, and this company was organized Jan. 8, 3SS7, by tho pur¬
chasing bondholders, ip addition to, above incomes, there are $150,000,
1st mort. 7s, due in 190v. Ju 1879-80, gross
earnings were $166,231;
4
275,000
300,000
387,500
812,000
4,000,000
6
5
6
6
7
1*2
6
7
5
6 g.
June, 1882
July 1, 1900
Oct., 1887
Bridgeport, Conn.
July 15,1882
Philadelphia, Co.’s office Sept. 1, 1882
N. Y., Hatch A Foote.
N. A'. I. E. A W. RR.
N. Y., Union Trust Co.
Q.-J.
Newcastle, Penn.
Oct.
1,
1904
Sept., 1901
Nov. 1,
1889
Jan. 1, 1889.
Oct., 1882
Various N. Haven, Mech. Bank. 1888 A 1900
New Haven.
Oct., 1373
J. A J.
do
Jan., 1399
A. A 0.
do
Apr.l ’91 A’93
A. A O.
do
April, 1, 1909
A. A 0.
do
April, 1911
....
M A N. Jersey City, C’o.’s Office.
J.- A J N. Y., Cent.of N.J.Ofiice
J. A D.
New York.
New Loudon, Office.
Q.-J.
A. A O. N. Y., B’k of N. America
J. A D.
do
do
J. A J.
do
do
M. A N.
London, Baring Bros.
1910
July 15, 1899
Dec. 1, 1899
Oct.
1.
1882
Sept., 1885
July, 1892
July, 1910
May 1. 1901
net, $29,040; in 1880-81, gross, $160,649; deficit, $11,865. The com¬
mon stock is $172,000 and
preferred stock $715,350. John S. Schultze,
President, Moore’s Mills, N. Y.
Netcburg d N.Y.—Oct. 1. 1881, owned from Vail’s Gate Junction to
Greenwood Junction, N. Y., 13 miles. Leased October 5,
1866, to Erie
RR., at $17,500 per annum, and operated now by N. Y. LakeE. A West.
New Castle & Beaver Val.—Dec. 31. 1881, owned from
Homewood, Pa.;
to New Castle, Pa., 15 miles. Road in operation since 1860. Leased to
Pittsb. Ft. W. & Chie. RR. for 99 years at a rental of 40
per cent on gross
earnings. Lease transferred to Pennsylvania Company. There is no debt.
In 1879, 13 per cent dividends were paid; in 1830, 13
p. o.; in 1831, 24
p. c. Gross earnings in 1881, $331,527; rental received, $132,611.
New Haven &
Derby.—Sept. 30. 1882, owned from New Haven, Conn.,
Ansonia, Conn., 13 miles. Capital stock is $447,100. New Haven
City guarantees the $225,000 second mortgage bonds. Gross earnings
in 1880-81, $147,564; net, $48,268; in 1881-82,
gross, $166,402 ; net,
$78,389. (V. 35, p. 544.)
to
Total disbursements... 708,015
923.436
975,118
Balance, surplus or deficit, sur.7,119 def. 9,029 sur903.066 *1,223,571
Deficit. The surplus June 30, 1881 being $903,066, the real de¬
ficiency June 30, 1882, was only $320,507.
-(V. 33, p. 101, 176, 201, 304, 329, 3 56, 442, 717: V. 34, p. 87, 196,
314, 460,574,708; Y. 35, p. 96, 212, 321, 318, 371,456, 517, 576,
1875.
Gross
11887790-S-9O02.
J. A D.
J. A J. N. Y., Drexel, M. A Co.
A. A 0. Nashville, Co.’s Oifice.
J. N.Y.,OfficeN.Y.L.E AW
6 A 7
1,449,600
200,000
1,500,000
100
lOO&c.
500 Ac.
,
A
rr
700,000
500 Ac.
600
Boston A Nashua.
Nov. 1. 1882
A. Bost..ParkerASt’ekpole. 1893 & 1900
O. New York A Nashville. April 20, 1882
J. N. Y., Contin’l Nat. Bk.
1881 to 1886
J.
do
do
July 1, 1913
N. Y., U. S. Nat. Bjc.
J.
July 1, 1901
J. N. Y.j-Contin’l Nat. Bk. Jan. 1, 1917
J.
do
do
Jan. 1, 1917
J.
do
do
Feb. 1, 1907
J.
7
3
Bond#—Princi¬
pal, When Due.
Stocks—Last,
Dividend.
N.
J.
S.
O.
S.
N.
(?)
1,200,000
1,000
2,256,186
1,000,175
260,000
A
A
A
A
A
A
A
A
A
7
605,000
525,000
2,460.000
1,300.000
Ac.
M.
F.
A.
J.
J.
J.
J.
J.
J.
7
7 g.
800.000
100
....
Where Payable, and by
Whom.
Payable
A
A
A
A
A
6 g.
1,164,500
250,000
50
When
J.
M.
A.
M.
M.
3*3
250,000
pooo
....
1880-81.
2,000,000
1,300.000
1.000,000
1,000
follows:
..
178,000
176,200
INCOME ACCOUNT.
$
3
7
6 g.
10
5
1,817,000
500
A majority of the stock ($3,385,000) is owned by the Louisville &
Nashville RR. Company and pledged among the collaterals for the
trust loan of that company. This company owns $75,000 of the Duck
River RR. 2d mortgage endorsed bonds.
The annual report for 1881-2 was published in the Chronicle, V. 35,
371, which should be referred to.
90,000
150,000
1,642,557
....
tliis company’s first mort. bonds.
Earnings for three years ending June 30 were
300,000
1,000
'
1*2
6
7
6
6
6
8
398,000
1.000
1870
1867
4
6 A 5 g.
6,670,331
402,000
5,894,000
1,500,000
1,000
1,000
Branch, 25 miles; Duck River RR. (leased), 48 miles; total, 539 miles.
bonds endorsed by Tennessee are secured by deposit in trust of
1878-79.
$300,000
25
1857
1873
1881
1877
1877
1S77
'The the
p.
Rate per
Cent.
300,000
....
4S
122
122
122
99
66
IS
94
notice of any error discovered In these Tables.
Amount
’73-’80
539
151
340
321
83
30
7U>
xli
INTEREST OR DIVIDENDS.
8ize,
54
($100,000 are gold 5s, 5. A J., 1900)
Nashville Chattanooga d SI. Louis—Stock
Bonds endorsed by Tenn
lstmort. (for $6,800,000), coup
I Bonds
BONDS.
Neio Haven & Northampton.—Sept. 30,1832,
operated from New Haven
Conn., to North Adams, Mass., 123 miles; branches—Northampton to
Williamsburg, 8 miles; rjuminiiton Conn., to New Hart ford,Conn., 14
miles; South Deerfield to Turner’s Falls, 10 miles: to Tariffville. Conn.,
1 mile; leased—Holyoke A Westfield RR., 14 miles;
total, 170 milest
In April, 1881, a control of the road was sold to N. Y. N. H. A Hartford
parties. See V. 32, p. 421. Operations and earnings for three years
past were as follows:
Gross
Net
Passenger
Freight (ton)
Years.
Miles.
Mileage.
Earnings. Earnings.
Mileage.
144
5,644,750
16,365.182
$694,506 $276,287
144
5,612,006
18,705,S65
751,614
298,137
8,726,851
—(V. 34, p. 202.)
24,800,865
896,270
271,754
New Jersey & New York.—Dec. 31,1881, owned from
Hackensack, N. J.,
to Stony Point, N. Y., 25 miles; leased. Nanuet & New
City RR. 6 miles;
Hackensack RR., 6 miles; total operated, 37 miles.
Organized Sept. 4,
1874, by consolidation of the Hackensack & New York RR. ana tho
Hackensack A N. Y.Extension Railroad; Receiver appointed in 1877.
The Hackensack & New York R R. was sold in foreclosure
August 14,
1878, and was leased in perpetuity to this company, and now forms
part of main line.
Reorganized in 1880, with above debt.
Stock,
$2,000,000 common, $800,000 preferred.
Gross earnings in 18S0-S1,
$198,410; net, $21,790. (V. 32, p. 611.)
New Jersey Southern— The road extends from
Sandy Hook to Atco,
70 miles, with branch from Eatontown to Port Monmouth, 9 miles.
tho Tom’s River Railroad and $200,000 on the
Long Branch &
Sea Shore Railroad.
This latter bond is endorsed by- the United
on
Companies of New Jersey.
The above mortgage is for $1,590,600, of
which $1,449,600 have interest guaranteed by the New York A
Long
Branch Railroad by endorsement of the bonds, and the Central of New
Jersey agreed to assume those bonds. The road is now operated as a
part of the Central New Jersey sj'stem. (V. 32, p. 121.)
New London
Northern.—September 30, 1882. owned from New
London, Conn., to
Brattleboro, Vt., 121 miles, of which 100 miles
leased to J. G. Smith and others.
This road has been operated
since December 1, 1871, under lease to the Central Vermont Rail¬
road; the lease was for 20 years at $155,000 per year. Consolidated
mort. bonds issued to retire all other funded and floating debt and to
pay for branch recently purchased from Vermont A Mass. RR.
tions and earnings for four years past were as follows:
Years.
Passenger
Miles.
100
Mileage.
3,927,oil
Freight (ton)
Mileage.
12,637,957
18,975,296
19,318,243
20,421,443
G ross
Earnings.
$470,102
Opera¬
Net
Dlv.
Earnings.
$159,484
p. e.
6
6
6
6
6,144,189
591.346
179,030
1880- 81.. 100
6,415,412
611,043
197,717
18S1-S2.. ICO
7.207,081
587,384
162,460
New York d Canada.—Dee. 31, 1881, owned from Whitehall, N. Y., to
Rouse’s Point, N. Y., 113 miles; branches: Tieonderoga, N. Y., to Lake
George, N. Y., 4 miles; Plattsburg, N. Y., to Ausablo, N. Y., 20 miles;
West Cliazy to Province line, 13 miles; total operated, 150 miles. This
company was organized March 1,1873, as successor of the Whitehall &
..
100
Plattsburg and the Montreal A Plattsburg railroads.
The whole lino
was completed Sept. 18,1S76.
Tho road is virtually owned by the Dela¬
ware A Hudson Canal Company, which guarantees the bonds. The stock
is $4,000,000.
Earniugs in 1880-81 were $654,519; net, $217,414;
deficit to lossee, $15,517. (V. 32, p. 98.)
New York Central d Hudson.—Sept. 30,1881, owned from N.Y. City to
Buffalo, N. Y., 442 miles; branches on N.Y. Cent, division, 293 miles;
total owned, 7 43 miles; lines
leased—Troy A Greeenbush, 6; Niagara
Bridge & Canandaigua, 98; Spuyten Duyvil A Port Morris, 6; N. Y. &
Harlem, 127; Lake Mahopac, 7; total, 245 miles; grand total, 993miles.
Tho second track owned is 50S miles; third track, 270 miles; fourth
track, 236 miles; turnouts, 511 miles—making a total of 2,520 miles of
track owned by the company. Tliis company was formed by a ccrsoli
dation of the Now York Central and the lludson River railroads October
1,1869. The New York Central was a consolidation of several road
xlii
RAILROAD
Subscribers will confer
a
STOCKS
AND
BONDS.
great favor by giving Immediate notice of any error discovered in these
Tables.
DESCRIPTION.
Miles
For explanation of column headings, Ac., see notes
on
of
first page of tables.
Road.
New York Central <£ Hudson Hirer—Stock
Premium bonds
(N. Y. Central)
Bonds, P A N. F. stockholders
do
Bonds railroad stock (N. Y. Central)
Bonds real estate (New York Central)
Renewal bonds
2d mortgage, sinking fund (Hudson River)
New
mortgagej $J!>!ooo!ooO
I cm,Pou
1853
1854
1853
—
or reg*
840
840
521
521
Equipment.bonds
..
Long Dock Co mortgage
Reorganization 1st lien bonds, gold
bonds
.
N. Y. L. E. A W., new mort., gold, 2d consol
do
do
do
do fund.coup,
do
income bonds (lmn-fum.)
•
■
•
m
~
m
m
....
1872
•
•
1881
1,000
100
100
1847
1879
1853
1857
1858
500 Ac.
100 Ac.
1861
1863
1870
1878
1678
1878
1878
1878
1,000
500 Ac.
500 Ac.
300 Ac.
further dividend of 27 per cent was distributed ou the N. Y\ Centra!
stock and 85 per cent on the Hudson River stock. The
mm-tgaeo for
$40,000,000 was issued to lay the third and fourth tracks, with a
sufficient balance retained by tiie company to retire all prior bonds. In
November, 1879, 250,000 shares ($25,000,000) were sold to a
syndicate
of bankers by Mr. W.H. Vauderbilt at the
price ot 120. aud 100,000
shares more afterwards.
Prices of stock have been:
1882.
1881.
-147h)
155
2 882
1881.
July
136*2-130*2
August.. 13* -132*6
Sept’ber 137%-132%
146^-141*6
Febl
134 -123*4 151V140
145*4-141*2
March... 134*8-129
14S%-x42*s
145*2-14136
147 -14078 October
April
133*2-125
13.31-131*2 142*2-13538
Mav
12s VI 235s 152 VI4 5
Nov’ber
152*2-125
140% 136*2
June
133 V 1^5*4 151 Vx 145
Dec’ber
13938x130*4
Annual report for 1881-2 was puolished in the
Chronicle, V%35,p. 734.
„
....
.
.
.
-
REVENUE
Year
ending Passenger
3.000,000
16.656,000
1,000
500 Ac.
special law of April 2. 1853. The Albany A Schenectady Rail¬
road opened September 12, 1831, as the Mohawk A Hudson.
It was the
first railroad built in the State of New York. The famous
scrip divi¬
dend of 80 percent on the capital stock was made in December. 1898.
aud on the consolidation with the Hudson River road (Nov
1,1869) a
135%-128*4
182,600
1,000
ACCOUNTS—1878 TO 1882—FIVE YEARS.
Net Income, Divi-
Freight (Ion)
Gross
over exp., dends,
Sep. 30. Mileage.
Mileage.
Receipts. int.Arents, p. c. Surplus.
1878.800,302,140 2,042,755,132 $28,910,555 $»,038,445 8
$898,917
1879.290,953,253 2,295,825,387 28,396.583 7,594,485 8
454,957
1880.330,802,223 2,525,139,145 33,175,913 10,569.219 8 3.427,736
1881.373,768,980 2,646,814,098 32,348,395 7,892.827 8
754,484
1882.
30,628,781 5,743,904 8 *1,401,008
*
Deficit.
-(V. 33. p. 425, 528, 709, 728, 731, 742; V. 34, p. 1, 3, 116, 167; V.
35, p. 545, 720, 73 4.)
New York Chicago d St. Louis.—This
company wits formed
build the new line of road from Buffalo to
Chicago, 521
became familiarly known as the “Nickel Plate” line, of the
in 1881, to
miles, and
stock $22,000,000 is preferred 7 per cent. The “ subscriptions” to the bonds of
the company were on the basin of $13,333 cash, for which were
given
$10,000 in 1st mortgage bonds, 200 shares of preferred and 200
shares of common stock, making $50,000 of the par value of the secur¬
ities.
The equipment bonds draw interest at 7 per cent from Jan
1,
1883;
the principal is payable $-100,000 yearly, 1885 to 1895. In
October, 1882, the famous sale of the stock to. a syndicate took
place,
including, as reported, 135.000 shares of common stock at 17, and 135,000 preferred at 37. Parties counected with the Clev. Col.
Cin. it In¬
dianapolis and Columbus Hocking Valley A Toledo companies were pur¬
chasers, and Mr. Yauderbilt was supposed to be interested. C. R.
Cummings, Chicago, President. (V. 33. p. 176, 255, 46!*, 716; V. 34. p.
32, 177, '205, 461, 479, 549, 601; V. 35, p. 23,
236, 249, 265, 266, 405.
479,4b7, 517, 546, 576, 658.)
New York City d Northern.—Dec. 31, 1881, owned from
157th Street
in 6th Avenue, N. Y.
City (connecting with Metropolitan Elevated), to
Danbury, Conn., 62 miles. This company was organized March 1.
1878, and acquired the N. Y. Westchester A Putnam
(formerly the
N. Y. <t Boston Railroad), sold in foreclosure
March, 1876. The com¬
pany in May, 1660, leased the West Side A Yonkers road for 999
years,
aud the consolidated
mortgage was issued to take up all the other bonds,
of which $274,000 under a prior
mortgage were
Nov. 1,
1881. Stork is $2,990,000. Default was made in outstanding
interest due May 1.
1882, and foreclosure is pending Earnings for ten months of
1880-81,
$109,212; expenses, $110,994. (V. 34, p.378, 489,521, 605, 637; V. 35,
p. 132, 321, 374-)
New York d Greenwood Lake.—Dae. 31. 1881. owned from
Jersey City.
N. J., to Greenwood Lake, 48 miles;
branches—Ringwood Juugtiou to
Riugwood. 2 miles; North Newark to Orange, N. J., 8 miles; total, 58
miles.
This was the Montclair Railroad, opeued in 1874. It was
sold
and reorganized as Montclair A Greenwood
Lake, and again sold
October 12, 1878, and the present company
organized. The New York
Lake Erie A Western purchased a
controlling interest in the property
and now operate it. The holders of the second
mortgage bonds have
a right to pay off the first
mortgage bonds of $900,OCX* at 105, aud thus
gain control of the property.
(See Vol. 27, p. 172, 228.) It has been
reported that the New York Lake Erie A Western purposed extending
the road aud making it an important
part of their line. In 1881 the
gross receipt* were $154,356; expenses, $198,360. (V.
32, p. 611 )
N. Y. <t Harlem.—Sept. 30, 1881, owned from N. Y.
City to Chatham,
N. Y.. 127 miles.
From Chatham to Albany, 24
miles, the Host. A Alb.
JiR. is used- This company owns 5*2 mile* of
street railroad on the
Fourth Avenue. The
3,704.628
2,500,000
25,' 00,000
8,597,400
508.008
.
by
a wnutmvtlon Co,, under the auspices of Del. Lack. A West.
London.
Y.,Mctrop*tan N. Bk.
do
Dec. 1, 1921
1888 to ’95
May 1, 1910
1911
do
Y., Company’s Ofiico.
A
A
A
A
A
Jan. 2, 1883
Jan. 2,1883
May, 1900
Jan.' 2, 1883
Jan. 1, 1921
....
.
6
7
5
7
5
7
7
7
7
7
6
6
5-6
6
r
Ycariy. New York, Co.’s Offices
M.
M.
M.
A.
J.
J.
J.
M.
M.
M.
J.
J.
J.
-
g.
g.
g.
g.
g.
g.
g.
Jan., 1883 3
May 1, 1897
A N.
do
do
A S.
do
do
<Sc S.
do
do
A 0.
do
do
A D.
do
do
A J.
do
do
A D.
do
do
A S. New York and London.
A 8.
do
do
A N.
do
do
A D.
do
do
A D.
do
do
A D.
do
do
Sept. 1, 1919
Mar. 1, 1883
Oct. 1, 1920
June 1. 1888
July 1, 1891
Jan., 1893
Sept. 1, 1920
8ept. 1, 1920
Dec. 1, 1908
Dec. 1, 1969
Dec. 1, 1969
June 1, 1977
Opened Oct., 1882, and leased to Del. Lack. A W. for 99 years, with
a
guaranty of interest on bonds and 5 per cent yearly on the stock. The
latter guaranty is written across the face of the certificates
and signed
by the D. L. A W. officials. (V. 33, p. 47, 385, 560; V. 35,
p. 22, 71,95
266, 373, 405.)
’
Ncvj York Lake Erie d Western.—Sept.
30,1882., owned from Sufferns
N. Y., to Dunkirk, N. Y., 430 miles:
branches—Piermont, 18 miles; New*mi*£r. 18 raileS: Buffalo. 60 miles: Erie
International RR.. 5 miles*
Rutherford to Ridgewood, 11 miles;
leased—Montgomery & Erie HR.’
miles; Gosheu A Deckertown. 12 miles; Newburg A New
York,
miles; Paterson Newark. AN. Y., 11 miles; Hawley A
Honesdale,
miles; Jefferson RR., 37 miles; Buf. Brad. A Pittsburg aud extension, 24
66
miles; Buff. N. Y. A Erie, 140 miles; Suspension Bridge A Erie
Junction,
23 miles; Rochester A Genessee
Valley, 18 miles; Avon Gen. A Mount
Morris, 17 miles; Paterson A Hudson, 15 miles; Paterson A Ram., 15
miles; Lockport A Buffalo, 13 miles ; Buffalo A Southwestern, 68 milos;
controlled—Newark A Hudson, 6 miles; Weehawken New York
A Fort
Lee. 5 miles; Northern of N. J., 25 miles; total
operated, 1,060 mile*.
In 1881 an arrangement was made for
completion of line from Marion,
to Chicago, forming a through route. See V. 32, p. 613.
The New York A Erie Railwaj* went into the hands
of a Receiver
in 1859, and in 1861 the Eric
Railway was organized as its succes¬
sor.
The Erie Railway defaulted on its bonds in
1875, and was sold
in foreclosure under the second consolidated
mortgage in 1878. The
present company was organized and took possession June
1, 1878.
Under the plan of reorganization the above statement
represent*
all the stocks and bonds issued to
September 30, 1882.
By the
terms of the plan one-half of the stock, both
common and preferred, is
issued to “ Voting Trustees ” in London, who shall vote oh
them until
the dividend on the preferred stock (6
per cent) has been paid for three
consecutive
The funded coupon bonds are secuied
years.
by
hen of consolidated mortgage. The second
funded coupon bonds are
5 percents till June, 1883, and atUer that 6. On the
secoucfmortgage and
second funded coupon no foreeh sure can take
place till six successive
coupons are in default, but all of ore coupon must be
paid before any
part of a subsequent coupon is paid. Tlie most
prominent feature of
the reorganization w*as the provision for
outlay of new capital on tlie
property, and the cash from assessments 011 stock has amounted to$2,907,814, and in 1862 the reorganization first lien bonds elated 1878
were issued to procure
money for laying double track west of nornells
ville to complete the double track
throughout. These bonds rank next
to the flrst consolidated
mortgage and its funded coupons. Preferred
stock has a prior light to 6
per cent ('non-cumulative* from the net
profits, “ as declared by the board of directors.”
10
13
Prices of stock have been a* follows:
Common.
1882.
1881.
January
43*8- 38*4
52 V 47%t
35
February
40 V
50 V 43%
March
38 V 34
49V 45*2
April
37% 31*2
48 V 41%
.
.
May
June
July
August
September
36%- 34%
37V 33*4
41V 35%
41 V 38%
43 V 39*8
43 %- 39 7s
40 %- 31*4
51V 47
50*4- 4434
47*4- 41*4
44 V 41%
/
1682.
85
-
Preferred.
1881.
79
95
80V 73
i
/*3i
78
74
-
>
88
92*2- 82%
90*4- 84
67
-
71*2
89
-
72
92%91*488%88 %-
75 - 69*2
81 *2- 73
8i *4.- 77
87%- 80
-
84
88
86
80*2
81*8
46V 42
91
82
October
45 V 41%
87%- 83%
88% 81*2
November
48V 44*2
85*4- 80*4
96*2- 88*2
December
46*4- 39%
94 %- 89
The last annual report was published in the
j
Chronicle, V. 35, p. 635,
The operations and earnings for four
"
years past were as follows:
Operations—
1878-79.
1879-80.
1880 81.
1881-82.
..
.
.
-
Passenger mileage.. .149,115,718 180,460,204 200,483,790 225,130.883
Rate p. pass. p. mile.
2*091 ets.
2 041 cts.
2*016 cts.
11,174,697
18,693,108
11,643,925
20,715,605
19,975,774
13,256,230
13,088,093
4,767,324
7,049.183
7,459,375
1*947 cts.
Freight (tons) miPge.1569222417.1721112095 1984394855 1954380710
A v. rate p. ton p.mile
0*760 cts.
0*836 cts.
0*605 cts.
0*749 cts
$
Earnings—
$
$
$
3 682,951
3.118,914
4,041,267
4,384,510
12,233,481 14,391,115 15,992,275 14,642,128
Mail, expr’s,rents,Ac.
589,598
619,042
682,063
949,136
15,942,023
)
Credits—
Net
70*09
62*29
64 00
•
6,887,681
65*50
PROFIT AND LOSS.
earnings
1880.
1881.
1882.
$7,049,163
763,957
$7,459,375
811,306
$6,887,681
780,654
Total credits
DebitsPavouia ferries—expenses...,
InterC't on funded debt
$7,833,140
$8,303,681
$7,668,335
$249,613
Long Dock Co. bonds.—inter’t
210,000
64,453
4,148.745
$245,108
4,316,369
215,000
61,153
210:000
86,914
50,908
Other receipts
the interest on the bonds. The Fourth
avenue horse railroad, together
with valuable real estate, was retained
by this company, and extra
dividend* Are paid out of the receipts therefrom
annually In April. All
operations ot the malu road are included with those of the N. Y. 0. A
H.
New York Laek. d West.—From
Binghamton to Buffalo about 200 miles,
do
do
A. New York, Co.’s Office.
S.
do
do
J. N.Y., Gr. Central Depot.
J.
do
do
N.
do
do
N. Y. by D. L. A W.
Q.-J.
J. A J.
New York Agency.
0 g.
2,482,000
2,149,000
4,852,000
2,926,000
709,500
A D.
A D.
A J.
A J.
Jan. 15,1883
May 1, 18HT
May 1, ism
May 1, 1883
May 1, 1883
Dec. 15,1887
June, 1885
Jan. 1, 1903
Jan. 1, 1903
do
do
do
do
do
....
F.
M.
J.
J.
M.
1*4
7,987^500
1,000
1,000
1,000
1,000
a
Jan
11,100,000
10,000,000
12,000,000
77,0S7,600
Dividend.
do
do
do
do
do
do
do
J. A D. N.
J. A J.
M. A N. N.
7
-4
4
7
1,500,000
100
J.
J.
J.
J.
6 g7
6
6
7
S,500,000
1,000
•
6
900,000
1,800,000
Stocks—Last
wt10m.
M. A N.
M. A N.
M. A N.
M. A N.
7
7
6 g.
CO
100 Ac.
100 Ac.
50
50
Bonds—Princi¬
pal,When Due
Where Pa\'able, and by
Q.-J. N.Y., Gr. Central Depot.
6
15,000,000
4,000,000
3,685,000
1.000
500 Ac.
Payable
6
6
6
9,733,333
50.000,000
100
1,000
18S1
•
O.,
1,000
1,000
When
2
592,000
162,000
2,391,000
1,422,900
27,465,000
1,000
'
1875
Rate per
Cent.
74,500
1,000
1,000
1873
1873
1881
18-2
1880
Outstanding
500 Ac.
....
{
INTEREST OR DIVIDENDS.
Amount
$100 $39,428,300
500 Ac.
6,632,300
1854
N. T. City d Xf rthet'n—G* neral mort
02
2d moldgage, for $2,000,000
New York d Greenwood Lake.—1st mort., income
40
2d mort., income
Ncic 1'ork d- Harlem—Common stock
132
Preferred stock
132
Consol, mort., coup, or reg., (for $12,000,000)
132
N. Y. Lackawanna d: Western.—Stock, guar., 5 p.ct.
2<>0
1st mortgage, coupon, may be registered
200
H. Y. Lake Erie d TFesf.— Stock, common
1,0G0
Preferred stock
1,000
1st mortgage (extended in 1867 to 1897)
2d mortgage, convertible (extended in 1879)
3d mort., (to be extended 40 years at 4*2 p. ct)..
4th mort., conv. (extended in 18S0 at 5 per cent)
5th mortgage, convertible
Buffalo Branch Bonds
1st consolidated mortgage, gold
do
do
'
funded coupon
Date
Size, or
of
Par
Bonds Value.
903
N. r. Chicago d S'. L.—Stock ($22,000,000 is pref.)
1st mortgage, gold (for $15,000,00j) coup, or reg.
under
[7ol. XXXV.
Weehawken Docks—interest..
Guaranteed Interest
$216,318
3,963,672
131,928
64,453
RAILROAD
1882. J
December*
STOCKS
xiiii
BONDS.
AND
Subscribers will confer a great favor by giving: immediate notice of any error discovered in tbeee
DESCRIPTION.
For
Miles
explanation of column headings, Ac., see notes
first page
on
of tables.
of
of
Road. Bonds.
■
‘ist mortgage,
new
....
($20,000,000 auth’rized)
1876
1882
....
^oHc* $ew
Raven ct
do
Jfetr
do
Harlem A
Jjeiv York Ontario
Common stock
%
2,no York
^
Jlariford^-Stock
153
12
12
344
344
427
460
460
460
Portcliester. 1st mortgage guaranteed.
2d mort., coup, or reg
dt Western—Prefeired stock
Penn. dt Ohio—Prior lien bonds, gold,$A£
1stmort., gold, incomes till July,
2d mortgage, incomes. $ & £
3d mortgage,
1805, $ A £...
incomes, $ A £
—
Leased lines rental gold bonds (Cl. A M.)
do
do
....
(P. P., P. V. and S. A A.)
....
y.F. Pittsburg <& Chic— 1st M., gold ($18,000 p.
y. F. Prov. <£ Boston— (Stonington)—Stock
First mortgage
m.)
Par
Value.
Outstanding
1,500,000
16,502,000
1,000
10,000,000
1,000
1,742,000
15,500,000
2,000,000
1,000,000
6 A 7
6
5
6 A 7
4
....
83
50
12
100
.
.
„
1,000
1,000
.
1880
1880
1880
1880
1872
1873
1881
500
500
500
500
Ac.
Ac.
Ac.
Ac.
1,000
1.000
500 Ac.
1st mortgage
y F. Susqueh.dt
Western— New mort. ($2,500,000)..
....
72
First mortgage. Midland of Sew Jersey
Mortgage bonds on Paterson Extension
AT. F. Texas dt Mexican— 1 st mort , gold land grant..
A’. F. West Snore dt Buffalo—1st M., gold, coup. & reg.
y! F. Wood haven dt Rockaway.— Y st mortgage
....
463
16
98
563
563
428
80
81
133
133
133
Bridge dt Canandaigua Stock
Norfolk dt Weste• n.-Commou stock
Niagara
Preferred (6 per cent) stock
General mort., gold
—
gold, on new Riv. Div, (cp , but may
Norfolk A Petersburg—2d mort
South Side—1st pref. consol, mort
1st M.,
2d
3d
do
do
do
do
guar.
1869
1891
1881
1,000
1,000
1,000
1880
500 Ac.
....
be rg.)
Petersb’rg
....
1882
1881
1882
....
.
.
....
....
1881
1882
1868
1866
1866
1866
1.000
1.000
1,000
1,000
200 Ac.
200 Ac.
1882.
$602,952
$689,802
$701,361
25.701
17,901
18,296
11,327
4 ‘279
755,955
944.496
892,198
$6,012,519
$6,416,263
$6,501,693
Rentals of leased lines
8us. Br. & E. June. RR.— rent.
Paterson & Newark RR.—rent.
Other expenses
Total debits...
Stocks— Lest
Dividend.
Payable, and by
Surplus income
$1,887,417
$1,166,642
$1,790,620
_(V. 33, p. 58, 74, 101, 202, 329, 433, 588, 601,622; V. 34, p. 1,
143, 147, 231, 409, 435, 475, 673, 688 ; V. 35, p. 51, 103, 160, 348, 405,
430, 431, 617, 635, 638.)
New York dt Long Branch.—The following-named companies were
consolidated on the 21st of December, 1881: New Yerk & Long Branch
RR., from Perth Amboy to Long Branch, 23 miles; New Egypt A Far-
.
.
.
J. N. Y.. Kidder, P. A Co.
do
do
A.
J. N.Y., Grand Ccn. Depot.
do
do
O.
do
do
A D.
J.
F.
J.
A.
J.
A
A
A
A
Jan., 1905
Aug. 1, 1902
Jan. 2, 1883
1903
June 1.1911
....
-
5 g.
5 g.
4, 5, 6
2 Ac.
6 g.
2
7
4
6
6 A
6
6
5
6
3
600,000
5
g.
g.
g.
A S. London and New York. March 1,1895
do
do
A J.
July 1, 1905
do
do
AN.
May 1, 1910
do
do
A N.
Nov., 1915
A J.
London, Co.’s Office.
Jan., 1902
do
do
A J.
Jan., 1903
New York Agency.
A J.
July 1, 1921
Q.—F. N. Y., M. Morgan’s Sous. Nov. 10, 1882
do
do
J. A J.
July 1, 1899
do
do
A. A O.
April 1, 1901
1911
J. A J. N. Y., Nat. Park Bank.
do
do
A. A O.
April 1. 1910
1911
N. Y., 93 Liberty St.
J. A D.
New York A London.
Oct. 1, 1912
A. A O.
J. A J. New Yorxor Loudon.
July. 1931
N. Y., Fisk A Hatch.
Jan. 1, 1902
J. A J.
A. A 0.
Oct. 1, 1882
M.
J.
M.
M.
J.
J.
J.
•
....
1
6 g.
6 g.
8
8
6
6
2,000.600
496,000
703,000
591,300
452,800
.
ruary,
.
6 g.
7 g.
3,500,000
250,000
3,000,000
50,000,000
these
Whom.
•_
1,000,000
3,000,000
15,000,000
6,500,000
£
....
18-1.
1880.
500
l,OOOAc
1,000
.
...
3,000.000
1,000.000
300,000
500,000
100
....
.
37,119,000
14.500,000
29,000,000
5,355,000
3,568,000
(?)
187-90.
1879-02.
4
Where
....
2,000,000
58,113.982
8,000,000
....
....
When
Payable
5
....
1873
1881
Rate per
Cent.
pal,When Doe.
$2,000,000
....
263
($0,000,000 are 7s)
Amount
1882
....
Bonds—Prtncl •
INTEREST OR DIVIDENDS.
8ize, or
$....
38
BrancJv—Stock
few York dt Long
Mortgage bonds
v Y.dt N. England—Stock
Date
Tables.
Dec. 15,1882
Q.-Mch
M. A N. N. Y. and Philadelphia.
May 1, 1931
A. A O. N.Y., Union Nat. Hank. April 1, 1932
J. A J. Norfolk,Va.,Ex.Nat.Bk. July 1, 1893
Jan. 1, ’84-’90
N. Y.,Nat. Park Bk.
J. A J.
Jan. 1. *84-*90
J. A J.
Petersburg, Va.
do
do
J. A J.
Jan.l,’96-1900
about
assessments
1881, a contract was
$9,000,000 was received, and in Feb¬
made with the North River Construction Oo.
(capital $10,000,000) for completing the road.
In September, 1881,
further agreements were made with the New York West Shore A Buffalo
road. The stockholders of record Aug. 5,18^2, had the privilege of
taking $10,000,000 of the first mortgage 5 per cent bonds of the N. Y.
West Shore A Buff. RR. on paying oO per cent In cash. The annual
report for 1880-81 was published in tne Chronicle, V. 34, p. 174, to
which reference should be made. Preferred stock to receive 6 per cent
(non-cumulativc) from net earnings; surplus goes to common. In 1878-9
$35,713; in 1879-30, $17.508: in 1880 81, gross earaingsl$925,044; net. $217,543. (V. 33, p. 358, 716; V. 34, p. 87, 174 ;
V. 35, p. 132. 161, 212.)
New Yo~7c Pennsylvania dt O.—Nov. 30, 1882. owned from Salamanca,
N. Y., to Dayton, O., 389 miles; branches—Meadville, Pa., to Oil City,
33 miles; Junction (main line) to Silver Creek, O., 2 miles; total owned,
423 miles. Leased lines—Cleve. A Mahon. RR., Cleveland, O., to Pa. Line,
and branch, 81 miles; Niles A New Lisbon RR., Niles to New Lisbon, 3o
miles; Liberty A Vienna RR,, Vienna Junction to Vienna, 8 miles; Ohio
Line to 8haron, Pa., 2 mile; Sharon R’y, aud extension. 17 miles; total
operated, 565 miles. Changed to standard gauge June, 1880. Formerly
Atlantic A Great Western Railway. Sold July 1, 1871, and leased to
Erie on May 1, 1874, but lease not carried out. Again in bands
of a Receiver Dec. 9, 1874. 8old Jan. 6, 1880, and reorganized by a
London committee of stock and bond holders.
(See V. 30, p. 143.) Five
trustees are to exercise the voting power of the new stock until the third
net earnings were
niiugdalo RR., from Long Branch to Ocean Beach, 7; Long Branch &
from Ocean Beach to Sea Girt, 3; New York A Long
Branch Extension RR., from Sea Girt to Point Pleasant, 3 ; Long
Branch A Barnegat Bay RR., from Point Pleasant to Bay Head, 1;
total length, 38 miles.
The Central RR. of New Jersey holds a ma¬
jority of the stock, and by contract of Jan. 3, 1882, the Pennsylvania
Railroad and Central of New Jersey agree to pay 32 per cent of gross
traffic—$206,000 per year as a minimum to $240,000 as a maximum.
-(V. 33, p. 642, 745.)
New York dt New England.—Sept. 30, 1882/mileage owned was as fol
lows: Boston to Hopewell Junction, 215 miles; Wlcopee to Newburg, 3
miles; Providence to Willimantic, 58 miles; branched—Brookline, Mass.,
mortgage bondholders receive 7 per cent interest in cash during three
to Woonsocket, R.I.,'34 miles; E. Thompson, Conn., to Southbridge,
Muss., 17 miles; Islington and Elmwood to Dedham, Mass., 3 miles; years. Three of these trustees are to be chosen annually by a majority
in value of the first mortgage bondholders, one by the second mort¬
Charles R. to Ridge Hill, Mass., 2 miles; Dorrance Street, in Providence,
gage bondholders, and the fifth by the leased line bondholders. See
1 mile; total owned, 333 miles. Leased—Franklin to Valley Falls, 14
V. 31, p. 607. The new bonds or the reorganized company, subse¬
miles; Vernon to Rockville, 4 miles; Springfield to E. Hartford, Ac., 34
quent to the prior lion bonds, lire issued upon the following basis:
miles; Norwich A Worcester HR., 66 miles; total leased, 119 miles; also
(1.) The first mortgage bonds to bear 5 per cent interest till January
b#s running arrangements over 24 miles more Total operated, 478 miles.
The extension from Brewsters to Fislikill on the Hudson River was 1, 1881, and 7 per cent thereafter, whatever portion of this that
may not be earned to be payable in deferred warrants, to be capi¬
completed Nov., 1881.
Sea Girt KR.,
The former BostonHartford A Erie Railroad became insolvent and was
succeeded by this company, formed iu 1873. The Boston Hartford A
Erie’s principal debt was the Berdell mortgage for $20,000,000, which
was made exchangeable into the stock of this present company, and on
remained to be exchanged. In 1878-9
acquired the Hartford Providence & Fislikill Railroad by
of its bonds. On Sept. 30, 1882, there was $1,734,432 of
floating debt. In June, 1882, $5,000,000 uew bonds were authorized,
and stock owned by the Stute of Massachusetts was sold to tho stock'
holders at 50 per cent, while the -ecoud mortgage bonds to the amount
of $1,737,000 were issued to tile. State of Massachusetts. See annual
report in V. 35, p. 656, for this and other financial operations of the
year.
Operations, Ac., for thine years past were:
Sept. 30, 1882, $3,498,000 yet
the company
the payment
Miles.
316
412
..412
Years.
1.879-80
..
is80 81
1881-82
.
Passenger
Mileage.
41,762,072
46,738,566
55,853,672
Freight (ton)
Gross
Mileage.
Earnings
Net
Earnings.
$2,324,940
$771,985
43,678,700
64,562,865
2,692,374
3,302,789
103,668,653
P- 205,
622, 640; V. 34, p. i
850.876
943,173
12.5, 329, 588.
461, 479, 655, 688,
714; V. 35, p. 79, 161, 212, J98, 348, 576. 656.)
N. Y. N. Haven <& Ilarlf.—Sept. 30,1881, owned from Harlem Junction,
N. Y., to Springfield, Mass., 123 miles; branches to New Britain, Middletown and'Suffiekl, 18 miles; leased—Harlem A Portchestcr RR., 12 miles;
Shore Lino RR., 50 miles; total operated, 203 miles. This was a consoli¬
dation July 24, 1872, of the N. Y. A New Haven and tho Hartf. A N. II.
railroads. The company uses the N. Y. A Har. RR. from Williams bridge
iuto N. Y. City and pays a large toll therefor.
The company leases the
Har. Rlv. A Port. RR. and guarantee the bonds.
In Nov.. 1882, the
lease of the N. Y. A Boston Air Lino for — years at 4 per cent per an¬
num oil the preferred stock was made.
In April, 1881, a controlling in¬
terest was bought in the N. Haven A Northampton RR. stock, by parties
lu the interest of this company. Operations, Ao., for three years were:
Passenger Freight (ton)
Gross
Net
Div.
Years.
Miles.
Mileage.
Mileage.
Earnings.
Earnings, p. c.
152
125.3(H),345
78.372,800
4,252,814
1,653,565 10
153
152.730,696 108,611,607
4,946,607
1,953,044 10
—(V. 33,
p.
185,261,407 117.4 >9,231
—(V.33,p. 224, 56t, 718; V.34, p. 58; V. 35, p. 21,297,298,517,602.)
New York Ontario it Western.—September 30,1881, owned from Os¬
wego, N. Y., to Middletown, N. Y., 249 miles; branches to Courtland,
N. Y.,48 miles; to Now Berlin, 22 milos; to Delhi, 17 miles; to Ellenville, 8 miles; total operated, 344 miles. This was the New York A
Oswego Midland. Main line was opened July, 1871. Default was made
In 1873. and the property placed in tho bauds of Receivers Sept. 18.
1873. The Western Division was sold in foreclosure May 31, 1876, and
the main line was sold in foreclosure November 14, 1879. The present
company was organized January 22, 1880, and the holders of receiver's
certificates took preferred stock, the first mortgage bondholders took
common stock, the holders of other old bonds, notes, judgments and
olaims took new stock on payment of 20 per cent assessment in
cash, and tho holders of old stock ami convertible non-mortgage
bonds took new stock on layment of 30 per cent cash.
From
talized in bonds of the same class; payment of interest to become abso¬
lute not later than July 1,1895, and until June 1, 1S95, the right to
foreclose the mortgage is suspended.
(2.) Second mortgage bonus to
receive 5 per cent per annum, after prior mortgages, if earned. (3.)
Third mortgage bonds receive 5 per cent interest, if earned, after pnor
bonds. On the second and third bonds there is no right to soe the com¬
to foreclose. The stock is—pref. shares, $10,000,000; com.
The leased lines’ bouds are uot a lien of this
shares, $35,000,000.
company; those of 1872 are to receive 4 per cent for the first three
yeirs; 5 per cent thereafter for six years, and 6 per cent thereafter
until maturity. The leased lines’ bonds of 1873 are to receive the net
profits up to 7 p. c. (but not less than 2 p. c. during the first two years)
arising from the working of the lines whose securities are held by trustees.
Ou jau. 1,1882, tne coupon on 1st mortgage bond was parsed.
The
annual report in V. 34. p. 313. gave the gross earuiugs for 1891, $5,494,112; net income, $1,659,318; disbursements, $1,643,435.
-(V. 33. p. 226, 502, 588; V. 34. p. 87, 265, 292, 3 1 3, 605; V. 35, p.
pany or
103. 373, 517.)
New York Pittsburg dt
Chicago.-This is the projected Uue from Red
Bank, Pa., to Huntington. Iud., aud to Chicago, forming a western con¬
nection for the Central of Now Jersey. The company is building from
Wampum. Pa., to Marion, O., 165 miles, aud the whole route trom New
York City to Marion, O , is expected to be in operation by Jan. 1,1833.
Henry Day, N. Y., is trustee of the mortgage, and Gen. J. S. Negley,
Pittsburg, is President.
N. Y. Prop, dt Boston.—8ept. 30,1882, owned from Providence. R. I.,to
Groton,Conn., 62miles; Warwiok RR., 10 miles; operates alsoPawtuxet
and Pontiac branch roads. 10 miles; total opor .ted, 82 miles. Owns a
majority interest in the Prov. A Ston. Stcamshii Line, which has a eapiiil of $1,400,000. Operations aud earnings for four year# past were:
Miles.
63
71*9
73
1C81-S2
72
Years.
..
..
.
Passenger
Mileage.
19,377,410
Freight (ton)
22,862,036
23,836,502
Earnings.
11,467.971
11,290,326
13,098,143
14.700,005
22,167,232
$699,008
-(V. 32. p. 36S; V. 33, p. 559. 715; V.
New York Susquehanna dt
N. Y., 71 miles; Ogdensburg
Gross
Mileage.
Total net
Income.
779,885
937,717
$318,656
349*006
355,245
1,063.650
375,079
Div.
P-c.
8
8
8
8
35. n. 656.)
Western.—West Eud, N. J , to UnionviUe,
to Grovel Place, Pa.. 60 miles; Hlairstowa
(RorMopened
RR. purchased, 11 miles; Paterson extension, — miles.
to
Grovel Phme. Oct., 1982). This was a consolidation in Juue. 1891, of
tiie Midland of N. J., the Paterson Ext., the North Jersey, the Pa. Midland
aud tne Midland Conneot’g railroads. Stock, common. $13 000,000; pre¬
$8,000,000. The N. J. Midland Junior
ferred (cumulative 7 per cent),
securities were exchangeable into stock of
till Sept. 15, 1992. Gross earnings, 1981.
33. p. 255, 282, 716, 718 ; V. 34, p. 62,
1»9, 213. 291 431, 517.)
New
York
Texas dt Mexican.
this company ou certain teruia
$640,851; net, $216,424. \V.
205, 479, 521, 573; V. 35, p,
Line projected from Rosenborg Junc¬
tion, Texas, to Brownsville, 350 miles. Mortgage $22,850 per mile,
covering 5,120 acres of laud, or half the grout, which is lo.24<> aere* per
mile. About 95 mile* finished by May, 1882. <V. 34, p, 575; V, 35, p*
22, 161, 576.)
xliv
KAILROAD
Subscribers will confer
a
STOCKS
AND
BONDS.
[VOL. XXXV.
great favor by giving immediate notice of
any error discovered In these
DESCRIPTION.
Miles
Tables.
INTEREST
Date
Size, or
For explanation of column headings, Ac., see notes
Amount
of
of
Par
Rate per When
on first page of tables.
Road. Bonds Value. Outstanding
Cent.
Payable
.
Norfolk <£* Western—{Continued)—
Virginia A Tennessee-^Enlarged mortgage
do
do
4th mortgage
do
do
stock, 6 per ct. pref
North Carolina—Stock, common
Preferred stock
Mortgage bonds
North Pacific Coast— 1st aud 2d mortgages
North Pennsylvania—Stock, guar
1st mortgage
2a mortgage
General mortgage bonds
Ronds secured by $1,200,000 stock
Northeastern {S. C.)—Stock, common
1st mortgage
2d mortgage
1879-0.
Consol. mort.,gold (for
214
214
1854
1865
223
223
223
76
88
56
56
Northern of New Jersey—Stock
1st mortgage, extended
2d mortgage
$ 990,000
1,000,000
100
100
500
.
'67-’63
1381
,
„
.
•
•
2,569,500
1,200,000
899,350
•
102
102
102
1869
1869
ll2
1883
1877
1,000
1878
1,000
47
322
138
138
138
138
138
138
138
13S
50
500
500
,
1856
1865
1863
1868
1874
1876
1876
500 Ac.
500 Ac.
1,000
1,000
2.599,000
205,000
] ,000
1.000
4,526,000
2,932,000
1,000
1,000,000
500 Ac.
500 Ac.
in
26
21
21
783,000
600,000
1.525.000
ioo
83
1878
IS 69
3,063,400
1,000,000
100
100 Ac.
100 Ac.
New York West Shore d- Buffalo.— Tiiis was a
consolidation in July,
1881, of the N. Y. West Shore A Buf., the Jersey City A
Albany and the
Horth River railroads. It is building a line from
Athens (with branch to Albany), on the Hudson Weehawken, N. J., to
River,
Buffalo (425 miles), and connecting with the road of and thence to
the New York
Ontario A Western at Middletown, N.
Y., by a branch from Cornwall
.
.
820,000
50
183,000
200,000
Q.-F.
6
7
7
6
J. A J.
M. A N.
I. A J.
.
4,
6
M.
M.
J.
I.
A.
J.
A
A
A
A
A
A
S.
8.
J.
J.
O.
J.
Q.—J.
Company Shops, N.
do
Mch. 1, i9oo
Sept".* i* ”i*882
C.
do
do
do
Sept. 1, 1882
Nov., 1888
Nov. 1, i9oi
Nov. 15, 1882
Jan. l, 1885
Philadelphia Office,
do
do
do
do
do
do
May 1, 1890
1903
g.
g.
g.
Charleston, Office.
do
do
New York Agene}'.
Central Pacific RR,
do
do
Baltimore & Philadel.
Annapolis.
J.
A.
J.
A.
Sept." 1,"1899
°
g.
Sept, 1. 1899
Jan. 1, 1933
Jan. 1, 1907
April 1, 1908
Jan. 15, 1883
A J.
Baltimore.
A O. Baltimore A Philadel.
A J.i
Baltimore,
A O.;
do
J. A J.! London A Baltimore.
J. A J |
Baltimore.
J. A J.I
do
J. A J.!
do
M. A N.
London.
Irreaeemable.
July, 1885
April, 1900
July 1, 1900
July 1, 1900
July 1, 1904
Jan.
Jan.
....
J. A J.
M. A
Boston, Office.
New York, Office.
do
S.j
President. San Francisco.
V1V.,
-<J
1UUVO,;
IX.
1003
I>eo,
1, 1882
In 1831
July, 1888
March, 1889
do
$4,710,500, and San P. A T. stock, $L,861,000
1, 1926
1, 1926
"i960
....
J. A D.
34
6
7
July 1, 1884
do
....
6 g.
6
6
6
6
6
6
6
5
5
6
6
7
3
do
....
8
8
322.000
(0
3,143,000
1,023,000
6,500,000
1,500,000
1,490,000
1,126,000
M. A S.
M. A S.
M. A N.
M. A N.
134
1,930.500
1.500.000
A J.
A J.
Dividend.
....
3
3
8
6
210,000
1,100,000
4,399,750
.
•
1S31
.
J.
J.
....
3,000,000
1,000,000
50
500 Ac.
500 Ac.
,
6
8
55,600
.
_
$1,830,000)
Northern (Cal.)—1st mortgage
San Pablo & Tulare—1st mort
Northern Central—Stock
1st mortgage, State (Maryland) loan
2d mortgage, coupon, sinking fund
3d mortgage, coupon
Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
C ansol. general mort., gold, s. f., coup., $ or £
2d general mort., “A,” coupon
do
“B.” coupon
Union RR.. 1st mortgage
do
2d mortgage, gold
Northern Central (Mich.)—1st mortgage
Northern. N. H.—Stock
$1,000
1,000
Whom.
W. V.
Huntington
lXlile8 J
the Hudson.
operated ai cost—Chem. RR., 22 miles; Elmira Jeff. A Can.
Of this whole line the N. Y. O. & W. has
RR. 47miles*
built from total. 322
inile3. This was a consolidation or several roads in
Weehawken to Cornwall and from Cornwall to Middletown for
the
riie terms of
N. Y. W. Sh. A B., in consideration of
the several leases will bo found under Jan., 18751
the names
receiving
bonds and $2,090,000 stock of the N. lr. W. 8h. $10,000,000 mortgage of the leased road.
I11 April, 1882 purchased at
A B.
Then the N. Y. Uuiou
par the stock of
RR. in Baltimore, $600,000. The consolidated
Ontario A Western leases the road from Middletown
to Cornwall, and
general mort.(gold)
of 1874 was for $10,000,000 to retire all
from Cornwall to Weehawken, for 99
prior bonds; the bonds are issued
years, at 25 per cent of the
as series ’‘A” aud “B”
gross earnings per year, but guaranteeing
$ or £, series “C” dollar and the “million
rental of
$500,000. This Miase is subject to the right of a minimum 8h. A B. to dollar” loan. Under the 2d general mortgage of 1876 $1,000,000 more
the N. Y. W.
run over the road from Cornwall to
Weehawken, accounting to the N. may be issued as Series C. Income account for four years as follows:
Y. O. A WT. for it6 pro rata share of the
1878.
1879.
1880.
earnings. From Cornwall to
1881.
Buffalo the North River Construction
$
$
Company is the builder. The Total
$
Hew YorK terminus is through the new tunnel at
gross earn’gs..
3,723,456
4,107,949
"Weehawken. A full
5,050,337
5,443,700
recount of the work and the resources of the
Total net income
Construction
1,510,481
1,595,308
on
Company
was given in the Chronicle of
Sept. 2,1882 (V. 35, p. 267). The stock
is $40,000,000 and 1st mortgage bonds
$50,000,000, the IT. S. Trust Co.
of New York being trustee, Dec. 1,
1882, the Construction Company
contracted with Winslow, Lanier & Co. and a
syndicate they organized
for a sale of sufficient first
mortgage bonds to complete the road to
Buffalo, with sufficient terminal facilities at both ends, and a
large in¬
crease in rolling stock.
(V. 33. p. 24, 226, 359, 528; V. 34, p.
52, 715 ;
V. 35, p. 266, 339, 538, 576, 577, 638.)
N.
Y. Woodhavcn <t
Rockaway.—J une 30,1882, owned from
Glendale
By contract with Long
Island RR. is to control all travel to the Beach
by rail. The stock is
$1,000,000. Income bonds, 6 percent, $1,000,000. (V. 34, p.
Junction, L. I., to Rockaway Beach, 12 miles.
265)
Niagara Bridge & Canandaigua.—Oct. 1,1881, owned from Canan¬
daigua to Suspension Bridge, N. Y., 98 miles. The road is leased in
Dividends
Miscellaneous
Balt. 6c Potomac int.
Tot. disbursements
*
/O
457,742
895,140
106,298
63.200
1,485,585
24,893
1,927,922
452,097
898,060
(2) 146.048
113,834
476,212
935,882
(6) 350,517
196,494
484,357
894,930
37,177
1,416,142
1,806,533
179,166
234,895
on equipment.
-(V. 34, p. 115, 228, 231; V. 35, p. 236, 374, 487, 602.)
Balance, surplus...
,
2,091,423
Disbursements—
Rentals l’s’d lines, Ac*
Interest on debt
1113J > V . XV J V.
Includes rent of roads and interest
10,146
1,809,934
117,988
Northern Central (Michigan).—Jonesville,
Mich., to Lansing, Mich., 61
Owned by the Lake Shore A Michigan Southern
Railway
Stock, $610,000. S. V. Irvin, President, Albion, Mieh. (V. 35, Company.
miles.
p, 576.)
perpetuity to the New York Central A Hudson at $60,000 per anuurn.Northern, N. IT.—March 31,1882, owned from Concord, N. H., to West
Has no debt, but prior to foreclosure
mortgages were $2,170,000.
Lebanon, N. II., 70 miles; branch, Franklin, N. H., to Bristol, N. H., 13
Norfolk <£ Western.—Sept. 30,1882, owned from Norfolk, Va.. to
Peters; miles; total, 83 miles. The net earnings for the fiscal year ending
burg. Va., 81 miles; Petersburg, Va., to Lynchburg, Va., 123
miles, March 31, 1882, were $122,729; in 1881, $102,223; in 1879-80,
Rynehburg, Va., to Bristol, 204 miles; branches—Petersb’gto
City Point $112,438, and in 1878-9 $107,372. Prior to that date, earnings were
Va., 10 miles; Junction to Saltville, Va., 10 miles; New River
Bridge to larger. (V. 32, p. 610; V. 34, p, 602.)
Pocahontas, Va., 75 miles; Cripple Creek Branch, 60 miles; total
Northern of New Jersey—Sept. 30, 1881, owned from
oper¬
ated 563 miles. Default on the At. Miss. & Ohio
Bergen, N. J., to
consolidated Donds \$as Sparkill. N. Y., 21 miles; leased
made October 1,1873, and the road was sold in
foreclosure Feb. 10, 1881, ated, 26 miles. This road was Sparkill to Nyack, 5 miles; total oper¬
to Mr. Clarence II. Clark, of
opened October 1, 1859. By contract
Philadelphia, for $9,605,000, on behalf of of April, 1869, it is operated
capitalists interested in the Shenandoah Valiev road. (See V.
by New York Lake Erie & Western at 35 per
32, p. 182). cent of its gross earnings. It is understood the contract is
The reorganized company is now the Norfolk &
terminable
Western.
The com¬ by either party on notice. Dividends are
paid as oarned on the rental.
pany issued $15,000,000 preferred stock, $3,000,000 common
stock, and Gross earnings in 1880-81, $264,763; net, $72,108, (V. 32, p. 611.)
$10,778,600 new mortgage bonds, to be used
according to
Northern Pacific. — September 5, 1S82, (about two
published in the Chronicle, V. 32, p.334,421. The statement the plan
months later
of earn¬
ings, expenses, Ac., to Dec. 31, 1881, was in V. 34, p. 61. Operations than the close of fiscal year) >mileage was as follows: Eastern
Division—Main line—Superior City, Wis., to end of track
and earnings for four years past, ending June
30, were;
beyond
Billings, 909 miles; half interest in road between Thompson Junction,
Passenger Freight (ton)
Gross
Net
Years.
Miles. Mileage.
Minn., and Duluth, 24 miles; Brainerd, Mina., to Sauk
Mileage.
Rapids, 60*2
Earnings. Earn mars.
428
9,470,228
70,797,576 $1,781,710 $186,889 miles; Sauk Rapids to St. Paul, 75 J2 miles; total, 1,069 miles. Western
Division—Main line—New Tacoma to Kahuna, W. T., 105
428
*8,079,780
73,662,480
1,673,131
miles; New
612,043. Tacoma to
428
Wilkeson, 30 miles; Wallula Junction, W. T., to Thompson’s
9,244,3;*)
98,595,455
1,936,641
943,413 Falls, 325 miles;
1881 (1023mos)428
total, 460 miles. Total completed road, 1,529 miles.
2,061,101 1,069,724 Branch
lines—Eastern Division—N. P. Fergus A Black Hills RR. from
—{V. 33, p. 74. 357, 433, 5 59, 587, 687; V. 34, p. 6
61, 292, 409, 70S; V. Wadena, Minn., to
35, p. 132, 182,236, 374, 478, 546, 638, 677.)
Breckenridge and Pelican Rapids, 80 miles; L. F. A
Dak. RR. from L. Falls to Morris, 87
No. Carolina.—May 31,1881, owned from Goldsboro
miles; Casselton Branch, 43 miles;
to Charlotte, N. C., Jamestown A Northern
RR., 35 miles; Fargo A Southwestern, 40 miles;
223 miles. The property was leased
Sept. 11,1871, to the Rich. A Danv. total branch lines, 285 miles. Total
Railroad for 30 years at a rental of $260,000
mileage main line and branches,
per year. Dividends of 6
1,814 miles. During the present year (1882) the
Company will extend
its main line from Kalarna, W. T., to Portland,
Oregon, a distance of 44
,000,000, aud the dividends thus received by the State are
applied to miles; at Portland connection is made with Oregon
r bonds issued to the North Carolina
Railway & Naviga¬
RR. (V. 33, p. 99; V. 34, p.
550.) tion Co.’s line, running toWalluia Junction, a distance of 250 miles,
North Pacific Coast.—Dec. 31,1881, owned from
Saucclito to Moscow making ail unbroken line from Wilkeson to Thompson’s Falls. The
gap
Mills, Cal., 74 miles; branch to San Rafael, 2 miles; leased, San Rafael under construction Sept. 5 between the Eastern and
Western divisions
to San Quentin. 4 miles ; total
operated, 80 miles. Stock, $2,500,000. was about 485 miles, and will be completed during the summer of
1883,
Kamingsin 1881, $277,186: net, $68,994.
making a through line from the Great Lakes to the Pacific Ocean.
No. Pennsylvania.—Nov. 30,1881, owned from
This compamy was chartered by act of
Congress July 2, 1864, to build
Phila., Pa., to Bethle¬
hem, Pa., 56 miles; branches—Jenkint’n to Dela. River, 20 miles; Lans- from Lake Superior to Puget Sound, 1,800 miles, with branch to Port¬
*1 alft to
land, Oregon, 200 miles. The land grant was 20 sections
Doylestown, 10 miles; Iron Hill to Shimersville, 2 miles;
per mile in
total, 8tates and 40 sections in
operated, 88 miles. The Northeast Penn, aud the
Stony Creek roads are 1874, and the road was Territories. The company defaulted January,
foreclosed August 12, 1875, and
operated under contract. In May, 1879, was leased to Phila. & Read.
reorganized by
the bondholders’ committee Sept. 29, 1875. To the
Northeastern (S. C.)-Sept. 30,1881, owned from Charleston, 8.
bondholders new
C., to preferred stock was issued at the rate of $1,400 for each
ITorence, S. C.f 102 miles. Leased jointly,
$1,000 bond.
38 miles. Total operated, 140 miles. This Lane, S. C., to Sumter, S. C., Pref. stock is entitled to 8 per cent, not cumulative; then common to
company has earned the in¬ 8; then both share.
terest on its boiids and preferred stock with a
good surplus. In 1880-81
The preferred stock is taken in
gross earnings were $484,760; net, $153,803; in 1881-2,
payment for the company’s lands
gross, $560,229;
net, $206,146. The preferred stock was exchangeable for second mort¬ east of the Missouri River at par (3,188,016 acres), but has no lien
whatever on the road; the Missouri Division bonds
and Pond
gage bonds. (V. 35, p, 656.)
d’Orcillo Division bonds arc receivable for lands on those sections. In
Northern California - Dee. 31,
1881, owned from W. Oakland to Sui- 1881-82 the sales of land east of the
Missouri River were 287,455 acres,
suxl, CaL, 47 miles; extension, Woodland to
Willows, 65 miles; leased for $1,035,692. r
San Pablo & Tulare Railroad—Martinez to
Tracy City, 47
A
operated, 159 miles. Completed in 1878 and leased in miles; total and syndicate took and sold $20,0®0,000 of the bonds in Jan., 1881,
part to the
$10,000,000 more bonds in 1882, leaving
Central Pacific since Jan. 1,187<), at a rental of
$1,500 per month for which they have an option in 1883. The another $10,000,000, on
northern and $300 per montU for S. p.
mortgage is for $25,000
& T, The Northern stock is
per mile of road, CentrUi Trust Co. of N. Y., trustee. The bonds ara
groent are paid on the stock, of which the State of North Carolina holds
Pecember,
RAILROAD
1882.]
STOCKS
AND
BONDS,
xlv
Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables.
DESCRIPTION.
S^TpxDlanation of column headings, Ac.,
v
*or
on
first page of tables.
see notes
Miles
of
Date
of
Road. Bonds
Size,
INTEREST OR DIVIDENDS.
or
Amount
Par
Value.
8881
97
farthernPacific—Tret. stock(8 p. c., not cum’tive).
nouxmon
stock
Mortgage
and land grant bonds, Missouri Div....
Mortgage and land gr. bonds, Pend d’Oreille Div.
Consol. M. Ul. g., gold, $25,000 p. in., coup, or reg.
Dividend certificates
■Northwestern Ohio—Stock
Norwich & Worcester—Stock
New bonds, coupon.
Cadensbnrg & Lake Chamjdain—Stock
1,814
1,814
205
209
850
....
79
66
66
122
Outstanding
1879
1879
1881
18S3
m
m
100
100 Ac.
»
ioo
49,00u,000
2,423,000
3,561,000
30,000,000
4,667,490
2,000,000
2,604,400
1,000
400,000
100
....
3,077,000
1,000
1,000
371,000
600,000
*
.
.
^
1,000Ac
m
1579-S80
187-90.
giDking fund bonds
Mortgage nonds (redeemable
118
118
July, 1890)
Consolidated mortgage (for $3,500,000)
Income bonds, not cumulative
Ohio Central—1st mortgage gold
Income bonds (non-cumulativc)
Termiual mortgage bonds
1st mort., Mineral Div
Incomes,
1st mort,
200
200
200
26
26
do
Riv. Div., ($20,000 per mile)
•
Mississqvn—Stook, common
Preferred stock' (7 p. c. yearly, cumulative)
Ohio tC
Income
and funded debt bonds
1st consolidated mort. ($3,445,000 arc s. f.)
Consolidated mortgage, sterling
2d consolidated sinking fund mortgage
Debenture sinking fund bonds (for $1,000,000)...
Spring. Div. (Sp.A III. SE.) 1st M. (for $3,000,000).
Ohio Southern—1st mort. ($15,000 per mile)
2d mortj income ($15,000 per mile)
CM Colony—Stock
Bonds (not mortgage) coupon
Bonds
do
do
and registered
do
Bonds
do
do
Bonds
do
do
do
do
Bonus
do
do
•
•
•
615
393
148
393
393
393
ooo
128
128
468
1877
.
1870
1877
1880
1880
1S30
1880
1880
1831
1381
....
....
1,403,610
998,650
3,000,000
3,000,000
1,000
1,000
1,000
600,000
1,000
1,000
•
•
•
300,000
300,000
(?)
•
100
100
New York Office.
1862
1868
1868
1871
1873
1874
1,000
1,000
1,000
1881
1,000
6
6
fig.
6
5
6
2
8
6
6
3 A
6
7
6
6
7
0
174.000
1881
M. A N.
M. A S.
J. A J.
Jan’y.
G
g.
J.
M.
J.
M.
J.
A.
A.
J.
-
!J.
g.
g.
J.
I.
6,688,000
£200
112,000
3,829,090
140,000
2,009,000
1,9 JO,000
1,920,000
7,533,800
1,000
1,000
1,000
100
1874
1875
1876
1877
lOOOAc.
32.000
1,000
1,000
1,000
1,692,000
500,000
1,100,000
1,000
2,000,000
1881, parties interested in the Oregon Navigation &
Railroad Co. purchased a controlling interest in the stock, which is held
by the “ Oregon & Transcontinental Co.;” the 180,000 shares of com¬
mon stock never issued since reorganization were partljr distributed.
In Sept., 1882, a dividend, in certificates of llijo per cent, amounting
to $4,607,490, was declared on the pref. stock payable Jan. 15, 1883.
Tlislast aunual report is in V. 35, p. 345. Earnings. Ac., were;
Earnings (whole line)—
1*80-81.
1881-82.
Passenger
$668,621
$1,302,261
2,207,299
Freight
3,909,423
Mail, express, Ac
118,599
218,621
1SS1 (to
in 1885.
In February,
Operating expenses
2,025,389
Net earnings
Per cent of operating expenses to
5,430,305
3.572,839
$969,130
$1,857,466
67-64
65*80
-(V. 33, p. 154, 588, 687 ; V. 34. p. 87, 177, 231, 344, 549, 575, 604,
637, 655, 707; V. 35, p. 22, 45, 71, 103, 182, 213, 237, 266, 321, 339,
345, 405. 431, 478, 546, 577, 638, 65S, 677, 706, 737.)
Northwestern Ohio.—Dec. 31, 1881, owned from Mansfield to ToledoOhio, 86 miles, but leases 7 miles to P. F. W. A Ch. RR. This was a con,
solidation of the Tol. Tiffin & East., the Mansfield Coldwater A L. M.,
and the Toledo & Woodville roads. Leased to Penn. Company at cost
of operating. In 1880 gross earnings $276,165; uet, $49,670. In 1881
gross, $290,285 ; net, $47,158.
Norwich <C Worcester.—Sept. 30, 1882, owned from Norwich, Conn.,
to Worcester, Mass., 59 miles; branch; Norwich to Allyu’s Point, 7
miles; total, 66 miles. In 1869 the road was leased to the Boston Hart¬
ford & Erie for 100 years, the lessees to pay all liabilities and 10 per
cent on the capital stock.
There has been some discussion as to reduc¬
ing the rental, and the present lessee company has the option to termi¬
nate the lease, and now operates under temporary agreement (see V. 28,
p. 200). In 1880-81, gross earniugs were $736,482; net. $270,035;
other receipts, $63,509 ; interest, rentals and dividends, $323,778. In
1881-2, gross earnings were $837,770; net, $296,346; other receipts,
$
; dividends, rental and interest, $323,238.
Ogdensburg <£■ Lake Champlain.—March 31,1882, owned from Rouse’s
Point, N. Y., to Ogdensburg, N. Y., 118 miles. The earnings of the road
having decreased of late years, in January, 1880, the executive com¬
mittee issued a circular proposing certain terms of adjustment, which
have been substantially carried out. Animal report for 1881-2 in Y. 34,
p. 686. Operations and earnings for four years past were as follows:
Gross
Net
Freight (ton)
Passenger
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
122
3,645,831
22,439,405
$472,172
$104,390
122
3,769,830
28,037,799
558,816
170,917
122
176.110
3,228,371
584,039
26,970,096
1881-82
122
170,854
609,324
—(V. 34, p. 686.)
Ohio Central.—Corning, O., to Toledo, O., 184 miles; branch—nadley
Junction to Columbus, O., 28 miles; total operated, 212 miles. The
6tock was $4,400,000—par $100—and in January, 1881, the com¬
pany increased it to $12,000,000 for improvements, Ac., and to buy
the stock of the Ohio Central Coal Co. Xu June, 1881, consolidation
with the Rich. & Alleghany was voted, and new stock and bonds for
extension were subscribed. Butin January, 1882, this plan was aban¬
earnings
....
....
doned and consolidation
Virginia, with
jected is
a
capital
made with the Atlantic & Northwestern of
authorized of $20,000,000, and the line pro¬
was
Charleston, West Va., making the consolidated road about
400 miles in all, wlieu finished. Stock outstanding Deo., 1882, $14,
000,000.
Car trust certificates, $800,000.
(V. 33, p. 12. 48, 154
202, 305, 589, 716.; V. 34, p. 147, 177, 231, 265, 316; V. 35, p. 132,
to
320,339,517,577.)
Ohio & Mississippi.—Dec. 31,1881, owned from Cincinnati, O., to East
St. Louis, Ill., 340 miles; Louisville branch, North Vernon to Jeftersonvfile, Ind., 53 miles; total Ohio & Miss, liue, 393 miles; the Springfield
Division, Beardstowu to Shawneetown, Ill., 222 miles; total operated,
615 miles. The Eastern and Western divisions were sold in foreclosure
and the present Ohio A
Mississippi Company consolidated November 21,
1867. On November 17, 1876, the company was placed in the hands of
Receivers, and afterwards Mr. John King, Jr., of the Baltimore & Ohio
Railroad, was appointed sole Receiver; in Oct., 1881, John M. Douglas
Was appointed Receiver, vice
King, resigned. A suit is peuding, brought
to annul the purchase of the
Springfield Dir. In 1875 as fraudulent and
Toid. The various phases of litigation in regard to this
company have
been reported from time to time in the Chronicle.
There are yet
$97,000 of oldflrst mortgage 7s (reduoed to 6s), Western Division, out¬
standing. Pret. stock has prior right to a cumulative dividend of 7
per cent before any dividend shall be paid on com.; after payment of 7
per cent for any one year on com., the surplus of that
year (if any)
shall be divided between both classes. Operations and earniugs for
Jour years past;
15, 1883
May 1, 1919
Sept. 1, 1919
Jan. 1, 1921
Jan. 1, 1888
J. Boston, 2d National Bk. Jan.10, 1883
S. Boston, N. E. Trust Co. March 1, 1897
J.
Boston, Office.
July 10 ,1876
do
8.
Mar., 1890
J.
do
1897
O.
do
April 1,1920
do
O.
April, 1920
J. N.Y. Metropolitan X.Bk Jam 1, 1920
do
do
Jail. 1, 1920
do
do
A J.
July 1, 1920
do
do
* J.
July 1, 1921
do
do
A J.
July 1, 1921
A
A
A
A
A
A
A
A
....
.
Miles.
615
615
615
Years.
2,994,519
N. Y., 17 Broad st.
do
do
do
do
do
do
N. Y., 52 William St.
3 ^ i M. A 8.
Mar. 1, 1875
do
A. A O.
do
7
Get. 1, 1882
J. A J.
do
do
7
Jau. 1, 1898
London.
G g. J. A J.
Jam 1, 18ffe
N. Y.. 52 William St.
A. A O.
7
April, 1911
do
do
M. A N.
7
May 1, 1883
/
M. A N. Springfield, Ill.,1st N. B. Nov. 1, 1905
J. A D.
New York.
6
Juno 1, 1921
do
6
J. A D.
June 1, 1921
J. A J.
Jau. 1, 1863
SLj
Boston, Office.
do
5
M. A S.
Sept. 1, 1884
do
M. A S.
7
March 1, 1894
do
6
J. A D.
June 1, 1895
6
M. A S.
do
Sept. 1, 1896
F. A A. !
6
do
Aug. 1. 1897
4,030,000
received in payment for lands at 110 and interest, and proceeds of land
soldmu8t be applied to redemption of these bonds at a price not exceed¬
ing 110 and interest. Sinking fund of one per cent per annum begins
Total
Jan.
....
20,000,000
....
1864
.
500 Ac.
100 Ac.
jai.Wuen Duo
Rate per When Where Payable, and by, Stocks—Last
Whom.
Cent.
Dividend.
Payable
$100 $41,909,132 lUiocert
-
1 Bonds— Pnnci
615
Aug. 31)
Gross Earnings.
3,002,239
Net Earning^
$864,548
1,051,419
4,376,310
1,256,709
2,649,949
540,992
$3,136,836
For calendar year 1831 net earn, were $959,032. No report issued
Various back coupons were paid in 1880 and 1881. and a full state¬
ment of proposed adjustment and issues of $16,000,000 5 per cent
bonds was given in V. 34. p. 177.
(V. 33. p. 74, 202. 275, 304, 358,
385, 412, 442, 560, 642; V. 34, p. 62, 177, 316, 435, 461, 575; V. 35, p.
103, 213, 405, 431, 456, 576, 706.)
Ohio Southern.—This corporation is organized under the laws of tho
State of Ohio. The road will extend from the city of Springfield, Ohio,
to the village of Rockwood on the Ohio River. Length of road com¬
pleted and in operation June 1,1882: Springfield, Ohio, to Coalton, with,
extensions and branches, 135 miles.
Stock (par $100), $3,840,000.
Earnings, 1881-2 (nine months), $218,491; net, $76,653. B. S. Hen¬
ning, President. (V. 32, p. 637; V. 33, p. 441; V. 35, p. 51, 101.)
Old
Colony (Mass.)—Sept. 30,1882, owned from Boston to Province-
town, Mass., 120 miles, and lines to Kingston, Plymouth and Somerset
June., Mass., and to Newport, R. I.; total. 252 miles; numerous branches,
50 miles in all; leased—Boston Clint. Fitchb. A N. B., 125 miles; Framing¬
ham & Lowell RR., 26 miles; Fall River RR., 12 miles; Dorchester & Milton.
RR., 3 miles; total length of all lines, 468 miles. The Cape Cod Railroad
was merged in this October 1,1872.
In December, 1878, a contract of
lease was made with the Boston Clinton Fitchburg & New Bedford for
999 years, the Old Colony to operate that road and pay as rental 102*
per cent of tho gross earnings of both roads. Fall River RR. was leased
April 1, 1882, for 99 years. The last aunual report was in the Chron¬
icle, V. 35, p. 544.
Operations and earnings for three years past were as follows;
Passenger Freight (ton) Gross
Net
Div.
Miles. Mileage.
Mileage.
Earnings. Earnings, p. ct
453 89,502,519 51,169.628 $3,518,769 $ 1,201,647 6
Years.
455 89,187,5S3
468 100.460,413
53,794,401 3,740,443
1,246,846 6
58.349,479 4,126,253
1,305,449 6^
(V. 33, p. 525 ; V. 34, p. 655; V. 35, p. 133, 544.)
Oregon <£• California.—Line of road—Portland, Or., to Roseburg, 198
miles; Albany Junction to Lebanon, 12 miles; West Side Division, Port¬
land to Corvallis, 97 miles. Total finished, 306 miles; projected, 295
miles. The present
Oregon A. California Railroad is a reorgani¬
zation of the original Oregon A California, with which lias been
consolidated the Oregon Central, Western Oregon, and
Albany <fc
Lebanon RR. Cos., and it now owns all the railroads, lands, fran¬
chises and properties of those companies. The company was in defatnu
after 1873, and the plan of reorganization voted May 5,1831, pro¬
vided for the issue of 7 per cent preferred stock for the old indebted¬
ness, $12,000,00# ; and common stock for $7,060,000; also for $6,000,000 new mortgage bonds, of which $1,700,000 were used to redeem
prior lien bonds of 1879, and $4,300,000 are issued to build the expul¬
1881-82
—
sion to
a
connection with Central Pacific, and the interest
on
these ia
charged to construction account till July, 1S33.
The land grant ia
about 4,000,000 acres. A dividend of 2 per cent was paid on preferred
stock in March, 1882. Net earnings in 1880 were $117,011; in 1881,
$314,5SG. For first three months of 1881 company hud deficit of v$12,481; same period in 18S2, net earnings, $37,283. Bonds receivable for
lands. (V. 33, p. 589, 687; V. 34, p. 316, 686 ; V. 35, p. 133, 577.)
Oregon Pacific—Road in
60
progress;
projected lino,600 miles, of which
from Corvallis to Yaquima is to be finished
immediately. Land
grant, over 900,000 acres, and covered by first mortgage. ‘Stock ia
$30,000 per mile. (V. 33. p. 93, 491.)
Oregon Railway & Navigation.—Junes 30, 1882, railroad lines operated
were as follows: Boonev. to Walla Walla (main liue) 203 miles; branches:
Walla Walla to Texas Ferry, 56 miles; Bolle’s June, to Dayton, 14 miles;
Whitman to Blue M’ntain, 14 miles; Umatilla to Pendleton, 44 miles;
Portage Read to Lower Cascades, 6 m.; Oregonian RR. in Willamette VaL
(l’sed), 150 m.; total of railway, 487 miles, aud 213 more under construo
tion. Ocean line between San Francisco and Portland, 670 miles ; Puget
Sound Hues, 233 miles; River lines, 637 miles; total of water lines,
1,565 miles.
The eompauy has pursued the policy of increasing its capital stock to
raise money for improvements, and ajfurther
increase to $24,000,000 is
mues
to be made in 18S3 to stockholders of record Deo. 19, 1882. See annua)
report in V. 35, p. 484, ^showing' net income in 1881-2 of $2,516,164
and surplus over 8 per cent dividends of $649,061.
The managers purchased in February and March, 1881, a controlling
interest in the common and preferred stock of the Northern Pacific
Railroad with cash furnished by a syndicate, and the stock control of
both companies was transferred to the Oregon A Trans-continental. (Y®
33, p. 48, 177,439. 588; V.31, p. 87, 178, 605,688, 707; V. 35, p.
213,374,457,472,484,602.)
Oregon Short Line.—Road in progress from Granger on the Union
Pacific into Oregon 600 miles, of which 200 miles completed to July l
1882. Built under Union Pacific control, and interest on the bonds guar¬
anteed. One $1,000 bond and $500 in stock sold to U. P. stockholder#
RAILROAD
xlvi
Snbffcriben will confer
a
Miles
of
Road
first page of tables.
Date
of
Bonds
Size,
306
1881
1880
$1,000
1879
1882
1,000
1,000
Oregon dk California—1st mort., gold
Oregon Pacific— 1st mort., land grant, gold
Oregon Railway dt Navigation—Stock
Mortgage bonds, gold
Oregon ShortL.—lst,gl<i.,int.gu.byU.P.($25,000p.m)
Oregon dk Transeontim ntal— Stock (for $50,000,000)
Bonds, gold, secnred by 1st moil, collateral
Oswego dt Rome—1st mortgage guaranteed
Income mortgage bonds
Oswego dk Syracuse—8tock, 9 per cent guar
200
Sinking fund subsidy, gold
Paterson dk Hudson— Stock
Gen. M„ Pb. to Pitts., coup., J. A J.; reg., A. A O.
State lien (pay ’t le in annual iust’lm’ts of $460,000)
Consol. M.. coup. J. A D., A reg. Q.—M. is. f. 1 p. c.)
Consol, mort gage, gold
Bonds, reg. (P.W. A B. stock deposited as collat’l)
Car Trust certificates
Navy Yard bonds reg. (extended 20 years in ’81)
_
mile.
-
1,000
1,000
500 <fec.
500 Ac.
100
£200
1880
1,000
1870
1,000
1,887
-
^
m
m
50
-
~
m
1873
1.000
1879
1,000
1881
’77-’80
1875
1,000
1,000
....
m
m
m
.
|#f
•
•
per
50
500 «fee.
1867
•
-
•
•
•
•
Rate per When Where Payable, and by
Outstanding
Cent.
Whom.
Payable
1,000
1,000
$6,000,000
25,000p.m.
18,000,000
5,851,000
5,000,000
40,000,000
20,000 p. m.
350,000
200,000
1.320,400
124,000
6 g7
7
4%
7
7
6 g7
7
6
7 g.
6 g-
2,000,000
400,000
1,000,000
7,000,000
1880
1,000
•
M.
M.
F.
F.
M.
M.
M.
J.
J.
•
•
&
&
A
&
&
&
&
&
&
i9oo
J. 1882
July 1, 1909
Teh. 1, 1922
Jan. 10,1883
•
N. N. Y.,Farmers’L. A T.Co.
N. N.Y., Farmers’ L.AT.Co.
A.
do do
A. N. Y., Del., L. A W. RR.
N.
8.
N.
J.
J.
May 1, 1922
May, 1915
Feb., 1891
Aug., 1882
1880 A 1885
do
do
do
do
New York.
1907
Nov. 1, 1931
Jan. 1, 1910
Jan. 1, 1915
New York, Agency.
do
do
New York, Ollicc.
Q.-F.
do
7
J.
4
F. A A. N.
6 g.
6
858,000
126, 716
JuiylTISl
Oct. 1,
A. & O. New York and London.
New York.
Q.—F.
J. & J. N.Y., Farm. L. A Tr. Co.
F. & A.
New York.
(b
A. A O.
London.
’84 to ’89
&’97
M. & N.
New York.
2,955,000
Nov. 1,1910
J. & J.
630,000
New York.
4%
Jan. 5, 1883
83,786,570 2% & 2s. M. A N.
Philadelphia, Office.
Nov. 29,1882
6
19.999.760
Q.-J. Philadelphia A London.
1910
A. A 0.
5
3,833,Of 6
Philadelphia, Office.
Annually.
6
28.610,540
Q.—M. Philadelphia A London. June 15,1905
5
J. A D.
do
5,000,000
do
Doe. 1, 1909
J. A J.
4
do
9,600.000
do
July 1, 1921
6 g.
5,048,000
Phil.,Pa., Co., for ins. Ac.
5
J. A J.
do
1,000,000
do
Jan.
1901
J. A D. Pittsburgh, Co.’s Office
2%
20,000,000
Ct)
6
2,815,000
Q.-J. PhiJa. Tr. S. D. A I. Co. July 5, 1907
10,000,000
4%g • J. A J. N. Y., Nat. City Bk.
July 1, 1921
J. A D. Phila., B’k N. America, June
7
1,500,000
1, 189ft
3,989.000
1*000
p.
dividend.
& J. N.Y., London A Frankf.
1%
338.000
1880
(V. 33,
J.
6
1,500,000
1,500,000
8,400,000
1,287,000
100
254
....
6 g.
6 g.
2
6 g.
DiyJ
i,
1,000
1,000
....
PHiiol
pal’When
Amount
....
50
....
1877
1881
1866
1866
....
$25,000
1,000
1,000
1,000
1876
1881
1879
1879
Pennsylvania Company—Stock
3,547
Reg. bonds, secured by f. Ft.W.A C. special stock
Bonds, gold, secured by pledge and guarantee—
Pennsylvania dk New Tor/c—1st mort., guar
105
1st mortgage, guaranteed
105
Peoria dk Bureau Talley—Stock
47
Peoria Decatur dk Ecansville—Stock
1st mort., gold (Pekin to Mattoon)
Income bonds,
do
not accumulative
1.000
100
58A64
35
35
123
65
65
48
48
48
15
Pennsylvania—Stock
Par
Value.
1882
1865
1866
28%
Consol. mortgage (guar. D. L. A W.)
Owensboro dk Rashvillc—1st mortgage, gold
Painesvule dk Youngstown— 1st mortgage
2d mortgage, income, convertible
Panam a—Stock
General mortgage, sterling, (£1,000,000)
for $1,000 cask. The stock is
718; V. 35, p. 22,431.)
IVol. XXXV.
INTEREST OR DIVIDENDS.
or
100
Mortgage bonds
»
BONDS.
great flavor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
on
AND
STOCKS
J. A ’ J. N. Y., Met. Nat. Bank.
do
do
A D.
do
June 1, 1906
Y., Chic., R. I. A Pac.
Aug., 1882 "
Jan. 1, 1920
Jan. 1, 1920
....
Balt, stock dividends paid to the trustees, and not needed for the
pay¬
of interest.
A scheme to buy up the company’s
guarant
securities with $100,000 per mouth ‘
ment
Oregon dk Transcontinental.—This company was organized under the
Oregon on June 27,1881, and received from the “Villard Pool”
assignment of the stock of the Northern Pacific Railroad purchased
by it. The company’s object is to hold the stocks of the Oregon Railway
A Navigation Co. and the Northern Pacific, and to construct connecting
roads. The total authorized capital is $50,000,000, of which $30,000,000 was subscribed for at par. In May, 1882, bonds were offered to the
stockholders at 90, secured by deposit in trust of first mort. bonds on
new railroads, at $20,000 per mile.
In Oct., 1882, quarterly dividends
were voted, to begin in Jan., 1883, at 1% percent;
the issue of $10,000,000 additioral stock was also authorized. H. Villard, President, 20
Nassau 8t., N. Y.
(V. 33, p. 12, 48, 256; V. 34, p. 409, 637 ; V. 35, p
laws of
*
.
.
the entire amount
an
1881 was $1,900,000.
There had oeen purenasea ror the fund securi¬
ties of the par value of $2,027,950, which yield an interest of 6 61
per
188,374,393.)
Oswego dk Rome.—Sept. 30, 1891, owned from Richland, N. Y., to
Oswego, N. Y.; 29 miles. Road opened January 1,1866. It is leased
to the Rome Watertown A Ogdensburg Railroad at 8 per cent on its
stock ($300,000) and 7 per cent on guar, bonds.
Cswego dk Syracuse.—Sept. 30,1880, owned from Oswego, N. Y., to Syra
ouse,N. Y., 35 miles. L<eased in 1868 to the Dela.
In
sur¬
plus was $21,339.
Owensboro dk Nashville.—April, 1882. owned from Owensboro,
Ky., to
Painesville dk
‘
ALL LINES EA8T OF PITT8BURG <fc ERIE.
1878.
Gross earnings
Operating
Youngstown.—May 1,1882, owned from Fairport. Ohio,
Youngstown. Ohio, 65 miles. The old company' made default, and
road was sold in foreclosure June 2, 1879. Under the reorganization
bonds are issued as above, and the stock is $288,000. The income bonds
have votes, and are convertible into stock. Solon Humphreys, President,
New York. The road went into the possession of new managers in
1881,
and was reported to have gone under Wabash control; on Jan.
1, 1882,
defaulted on 1st mortgage coupons, and R. K. Paige appointed receiver.
—(V. 33, p. 46; V. 34, p. 32, 147.)
Panama.—Dec. 31,1881, owned from Aspinwall to Panama, 48 miles.
expenses.
Net earnings
....
1879.
INCOME ACCOUNT.
1878.
Total gross earnings
Total net income
Disbursements—
Interest on debt
Drawbacks on produce
Dividends
Subs’y to U. 8. Colombia, Ac.
$
1,759,702
1,582,448
$
239,889
12,932
840,000
250,000
1879.
$
1880
$
1881.
$
1,706,761
1,651,749
$
270,853
9,939
1,662,592
1,629,712
$
1,972,606
1,847,776
$
270,747
6,706
150,604
910.000
1,120,000
250,000
250,000
2,398,200
10,767
35,000
Total disbursements
1.342,821 1,440,792 1,647,453 2,894,571
Balance
sur.239.627 8ur.210.957 def.17,741 *1,046.795
*
Deficit, to which add redemption of subsidy bonds, $15,000 ; total
deficit in year’s lesults, $1,091,795.
-(V. 32. p. 156, 393, 469, 637; V. 33, p. 12, 48, 412; V. 34, p. 406; V.
p. 638.)
35,
Paterson dk Hudson.—Sept. 30,1881, owned from Jersey City, N. J.,
to Paterson, N. J., 15 miles. The road was opened in 1834, and leased
In perpetuity September 9,1852, to the New York & Erie, at a rental of
$48,400 per year. J. 8. Rogers, President, New York City.
1879.
Gross earnings from traffic
$17,414^373
expenses
Net earnings
GENERAL INCOME
1880.
1881.
$60,362,575 $70,764,062 $75,182,973
35,639,794 42,179,485 46,243,277
$24,722,780 $28,584,576 $28,939,695
ACCOUNT—(PENNSYLVANIA RAILROAD COMPANY).
1880.
Net income Pennsylvania RR. Division
Net loss New Jersey Division
1881.
$10,051,485
$10,131,718
1,035,308
302,865
$9,016,176
$9,828,853
1,377,607
1,767,870
$7,638,569
(7) 4,820,914
$8,060,983
(8) 5,861.718
$2,817,655
$2,199,265
795,220
350,866
$3,612,875
$2,550,131
4,181,073
7,793,949
.
Deduct paym ent to trust fund, consol, mort.
redeemed, advances to railroads, and
Showing balance to credit of income accc
after deducting all payments for wkioh the\
t
Leaving balance to credit of profit and loss
Add amount realized from settlement of old
accounts, and profit on sale of securities...
Add am’nt to credit of profit and loss Jan. 1.
Balance to credit of profit and loss Dec. 31.. $7,793,948
$10,344,079
The monthly range in prices of Pennsylvania RR. stock in Philadelphia
have been:
1882.
1881.
1882.
1881.
Jan.
62V 59% 67%- 64% July
62%- 58%
6530- 62%
Feb
61V 59%
66J*- 6214 August.. 62 %- 6138
65V 63%
March.
64 - 59%
6730- 641a Sept’ber. 6514- 6230
66 V 63%
April.... 63V 60% 7018- 6618 October
64V 63
663s- 64
May
G0%- 55%
691*- 643s Nov’ber
63%-x56% x66 - 62%
June
* 58%- 53%
06%- 643s Deo’ber
63V 59%
-(V. 32. p. 122, 230, 262, 265. 288, 289, 334, 336, 422, 469, 501, 578;
613, 635, 686; V. 33, p. 23, 93. 125, 226, 358, 469, 588, 745 ; V. 34, p.
1. 115. 265, 287. 358, 378. 489. 522, 605, 655; V. 35, 22, 51, 132, 161,
..
.
.
.
236,358,374.431,487,517,603,625.)
Pennsylvania Company.—The Pennsylvania Company is a corporation
chartered by the Pennsylvania Legislature, April 7,1870, distinct from
the
Pennsylvania Railroad, and operates all the leased lines west of
Pittsburg. The stock is owned by the Pennsylvania RR., and in 1880
the common and preferred were merged into one class of stock, mak¬
ing $12,000,00(», which was increased to $20,000,000 prior to the issue
of the $10,000,000 bonds in May, 1881. The whole number of miles
operated or in any way controlled by this company is 3,547. The in-
Petinsyivania.- Dec 31,1881, the mileage operated east of Pittsburg
and Erie, on which earnings as reported were based, was divided as
♦ollows: Pennsylvania Division and branches, 1,169; Philadelphia
A
Erie Division, 287; United Railroads of N. J. and branches, 430; total
operated, New Yors to Pittsburg, with branches, 1.887. The operations
of the Pennsylvania Railroad cover so large a field that a reference to
the annual reports published iu the Chronicle is necessary to
give
any adequate idea of its working and condition from year to year.
The total cost of stocks and bonds of other companies owned by Penn¬
sylvania Railroad was $79,719,156. and the par value $110,129,429,
In March, 1881, the company purchased 217,819 shares of the Phila¬
delphia Wilmington A Baltimore RR., and the directors authorized the
Issue of $20,000,000 new stock of the Pennsylvania RR. In July.
1^81,
the 4 per et. bonds secured by P. W. A B. atook were issued, and
they
tuviua,a; i ar wiili the 2urpU;? proceed? of Pbila- Wilm. &
1881.
$13,167,740 $14,237,539 $16,635,025
Opened through January 28,1855.
This road had a practical monopolv
or the California business till the
opening of the Pacific Railroads in
1869. Of the general mortgage bonds $1,000,000 fall due iu ten halfyearly payments beginning 1884 and balance ($2,989,000) in October,
1897. Tne $2,955,000 subsidy bonds are secured by a pledge of the
sum of $225,000 annual subsidy
payable to the U. 8. ol Colombia by
the company.
In June, 1881, most of the stock was sold to onuies
Interested in the De Lesseps Panama Canal Co. The report for 1881 was
in V. 34, p. 406, and the income accounts for tour years as
follows:
1880.
$31,636,734 $34,620,279 $41,260,073 $44,124,182
18,468,994 gO,382,740 24,625,048 26,709,809
ALL LINES OPERATED EAST AND WEST OF PITTSBURG <fc ERIE.
Operating
Bevier, Ky., 41 miles. Controlled in 187y by the Nashville Chattanooga
it 8t. Louis, and then operated by Louisville A Nashville till
July,
1881, but now operated by its own company. Stock is $1,15b,000.
-<V. 35, r. 677.)
the investment.
In November, 1882. the dividend was declared 2*3 in cash and 2
in
scrip, redeemable in cash on delivery or convertible into stock prior to
Feb. 1, 1883.
An abstract of the latest report issued, that for 1881, was published
in
the Chronicle (V. 34, p. 287), showing surplus net income of
$2,199,265
after paying all charges and 8 per cent dividend.
A summary of the total business of 1881 in tonnage,
passengers and
income, compared with previous years, is shown in the following :
1879-80,
net, $186.856; payments, $152,471; surplus, $34,385; in 1880-81
to
cent per annum upon
Lack. A West. RR. Co‘
for 9 per cent per year on stock and interest on bonds.
paid bj' the corn]
1880.
1881.
’
$702,597
$848,725
Profits from operating leaned roads—
Pittsburg Fort Wayne & Cki<
New Castle A Beaver Valley
1,589,543
71,226
Lawrence
'
1,715,674
82,176
6,868
307.378
7,924
456,786
$2,823,741
.
$3,025,159
577,697
$3*401,439 $4,074,508
Deduct— '
Expenses Proprietary T>ep. and int.
1,049,349
on
bonds...
$003,799
$534,747
December
RAILROAD
1882. J
Subscribers will confer a great favor
by giving immediate notice of any error discovered In these Tables.
Miles Date
of
ol
Road. Bonds
r^Tnlftnatioii of column headings, Ac., see notes
For expiaua
flrafc page of tables.
Size, or
1880
1880
1881
1881
$1,000
‘ZZIaDccalur d Evansville—( Continued)—
^iTtmort. (Evansville Div.)
income bonds (Evansv. Div.). not cumulative....f
period Pekin Union- 1st mortgage
j
Central—Stock
1st mortgage (for $2,500,000)
Westchester A; Pliila , 1st mortgage
Philadelphia d Erie—Stock, common
Preferred stock
- - 1st mort., Sunbury A E. (extended 20 years in ’77).
2d mortgage
toner -1 M.. g.,
guar by Pa.RR.($5,203,000 rg.
Philadelphia Germantown d Morristown—Stock.
Philadelphia Newtown d Neic York—Stock
5s)
...
Pliila. A Read., coup
Philadelphia d Reading—Stock, common
Preferred stock
Receivers’ certificates
Mortgage loans inconvertible, (extended in 1880)
Loan' mortgage, convertible
Loan mortgage, sterling, (extended in 1880)
Loan
do
do
debenture
mortgage
(extended in 1880)
operating leased roads
Erie & Pittsburg
Loss in
Massillon A
1*881
287
287
20
21
803
802
770
770
779
779
1880
1343-9
1857
1836
1843
212,819
5,365
148.583
Balance, being the surplus for the j'ear
1
',6*0*0
£100
£500
*
$1,208,325
$1,896,487
! A.
*6*
32,726.375
1,551,800
1,800.000
1,510,500
79,000
182,400
967,200
6
7
7
6 g.
6 c.
6
6
Ig-
bonds and other purposes, and the whole authorized issue is $20,The sinking fund is 1 p. c. per ami. if the bonds can be bought
at par.
See V. 32, p. 122.—(V. 32, p. 122, 569, 637; V. 33, p. 72,126;
A I. C.
V.
35, p. 101.)
Pennsylvania & New York(Canal and Railway).—November 30,1881,
owned trom Wilkesbarre, Pa., to New York State Line, 104
Branches to mines, 16 miles. Operated in connection with the
miles.
Lehigh
Common stock, $1,061,700, and preferred stock,
Net earnings in 1878-9, $599,791; in 1879-80, $915,132:
1880-81, $1,000,706. Robert A. Packer, President, Sayre, Pa. (V.
Valley Railroad.
$4,000,000.
in
32,p.98
;
do
do
Oct.
1, 1897
July 1, 1888
Pliila., 227 So. 4th St.
Philadelphia, Office.
A O.
Q.-J.
Q.-J.
JJ.
A
A D.
J
J. A D.
J.
1, 1897
25,1876
July 25,1876
Jau.
July, 1910
July, 1886
July, 1910
July, 1910
July 1, 1893
Oct. 1, 1893
do
London
do
Philadelphia, Office.
do
do
do
j A. A O.
j
A D. !
do
3, 1882
Oct.
do
do
do
do
do
do
do
J.
A J.
jj. A J.
j J. A J
J. A J.
:
July, 1920
Dec.
June, 1911
Philadelphia A London
June, 1911
.Tune. 1911
Philadelphia.
*-s'r.pcr3 fA~ fpA yonr
An abstract of the report for 18-1 presents
thus: Total revenue, $3,454,300 ; operating expense, $j, l3U,OuO ; net
earnings, $1,024,248; from which extraordinary operating expenses for
construction of tracks, sidings, shops, Ac , amounting to $135,278, are
deducted, making the actual net earnings $888,970. To the latter sum
is added net receipts from rents, $4,835, making a total net revenue of
$893,805. From tins are deducted charges for maintaining the organi¬
zation, interest on equipment and drawbacks to the Allegheny Valley
Railroad, amounting to $211.055, leaving a balance of $682,749. The
interest paid on the funded debt was $1,077,995, leaving a deficit for
the year of $395,245.
INCOME
ACCOUNT.
1880.
$
1881.
3,091,808
3,727,733
3,454.309
2,195
961,‘*49
2,292
1,369,380
4,840
1,024,250
4,835
878,306
963,841
1,374,220
1,029,085
1,099.473
191,604
1,093,720
163,049
40,296
39,410
1,093,720
162,200
106,567
37,306
1,077,995
165,345
135,278
45,710
1,399,793
25,573
1,424,328
395,243
1879.
1873.
The
000,000.
April 1, 1891
Philadelphia, Pa. RR.
; q.-j. Philadelphia A London.
! Q.-M. Pliila., Treasurer of Co.
2*2
3k}
4 A 6
$1,866,183
registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
Wayne A Chicago special stock. The gold bonds of 1921 are secured by
a deposit in trust of the leases of the Pittsb. Ft. Wayne A Chic, and the
Cleve. A Pittsb. railroads and are also guaranteed by the Penna. RR.
Co. The trustees of the mort. are Wistar Morris. Edmund Smith and S.
M. Felton. They were issued to supply funds for purchasing the C. C.
1911
do
do
A. A O.
!J. A J.
068.000
$2,866,183
1,000,000
,
July 1, 1926
Oct. 1, 1926
Phiia., 233 8. 4 th St.
A O.
•*
1.000
,024,952
.
Philadelphia, Pa. RR.
1,000
i >2,376,487
430,000
Apr. 1, 1887
June 1. 1913
Nov
1882
Oct. 1, 1897
Jm ., 1872
Tan
1879-,98
a. A O'
7
7
A 6 g.
3
2,700,000
10,640,000
6,990,000
10,859
Sept. 1, 1920
Sept. 1, 1920
Petersburg, Va.
AN.,
1,000
1.
J.1
! A.
1863
1871
1871
1871
233,521
21,011
199,185
J.!
A
;
1,135,300
1,000
&
J.
2.231,900
1,200,000
700,000
1,000
200,000
: B!
Deduct dividend on capital stock, 4 per cent
1,000
New York.
do
S.
iJ.
100 Ac
24,334
A Ft. Wayne..
interest, Ac
1,000
Whom.
i A. A O. Co’s Odice, Norristown.
do
do
A D.
M. A N.j
Nashua, Treasurer.
! A. A O. Boston, N. E. Trust Co.
; J.
A J.|
1,0H>,000
1,100,000
7,013,700
2,400,000
976,000
3,000,000
13,943,000
50
50
100 Ac.
50
50
Pittsb. Cin. A St. Louis
Tota l expenses,
Net income
1,000
1330.
Cleveland
Do
100 Ac.
50
50
1857
1863
1869
*40
1,000
1871
779
-
Indianapolis A Vincennes
Cash advanced to Cin. Richmond
50
83
83
27
287
Stocks— Last
Payable, and by
id.
147,000
1,324,200
400,000
400,000
1,006,000
2,500.000
1881
1881
pal, When Due,
1921
385,000
186*0
82
779
779
779
$, gold, coup, or reg
do
100
500 Ac.
100
A
IM. A SJ
1868
..
Consolidated mort.,$ loan, coupon or rog
do
do
gold, $ or £, coup
do
1,125.000
1.000
*
Bonds, guar, by
do
Loan
100
1,000
! M.
$1,470,000
1,230,000
1,560,000
1,500,000
799,600
1*87*7
*63
Rate per' When !Where
Cent.
(Payable
Outstanding
1873
38
38
11
A.
Bonds, class r>
Philadelphia d Ball.
Par
Value.
Amount
1867
10
^Consol, mort., gold, guar. P. A R.. (sink. fund)....
^Bomls ffiof mort.), "redeemable after 1882
Plst mn't~hoiuU (payaide $25,000 yearly)"!.'.‘.*i ”
Bonds, class
Honda—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
on
xlvii
BONDS.
AND
STOCKS
Total gross earn’gs...
Net receipts—
Net earnings
Rents
Total net income...
Disbursements—
Interest on debt
Interest on equipm’t.
Extraordinary expen.
Miscellaneous
.....
$
$
2,921,060
876,111
1,296,179
332,338
453,067
-(V. 32, p. 204 ; V. 34, p. 196, 263.)
Total disbursements
1,331,373
Balance, deficit
$
V. 34, p. 145.)
Peoria d Bureau Valley.—March 31, 1882, owned from Bureau Junc¬
Peoria, Ill., 47 miles. The road was leased in perpetuity April
14,1854, to the Chicago A Rock Island Railroad at a rental of $125,000
tion to
per annum. Officers same as Rock Island.
Peorui Decatur d Evansville.—Dec. 31,
1881, owned from Peoria to
Evansville, 235 miles; branch—Stewartsville, Iud., to New Harmony,
Iud., 6 mbes; leased. Pekin, III., to Peoria, III, 10 miles ; through De¬
catur, 3 miles; total, 254 miles. This road is a consolidation of the
Pekin Lincoln A Decatur RR. (formerly leased to the Wabash) and the
Decatur Mattoon A So. and the
Gray ville A Mattoou.
The bonds were
placed
on N. Y. Stock Exchange in Sept,. 1880.
On July 16, 1881,
voted to issue $2,400,000 new stock for new lines, Ac. See V.32, p. 659.
Gross earnings in lS’iO, $453,118; net. $195,847; in 1881,
gross,$691,
608; net, $.36,904.
(V. 32, p. 288, 659.)
Peoria d Pekin Union.—June 31, 1S82. owned from Pekin to Peoria,
10miles; leased, Peoria to Pekin, 9 miles; total operated, 19 miles.
Tlio road is a union road, «.ml the stock of $1,000,000 was taken by
tlie different Peoria RR. companies.
Opened Feb., 1881, and gross
income to Juue30, $135,898; net, $10,626.
Philadelphia Germantown d Norristoum.—Philadelphia. Pa., to Norris¬
town, Pa., 17 miles; Germantown Branch, 3 miles; Plymouth Railroad,
9 miles; total, 29 miles. The property was leased Nov. 10, 1870, to
Philadelphia A Reading Railroad for 999 years at a rental of $269,623
and $8,000 yearly for organization expenses. Dividends of 12 per cent
per annum are
regularly paid.
Philadelphia Newtown d Neic York.—Nov. 30. 1881, owned from New
Pa., 21 miles. Capital stock, $1,200,000
On November 10,1879, the Philadelphia A Reading Railroad purchased
12,012 share!*, giving control of the property, and guaranteed the bonds.
Earnings in 1880-81, $51,695; efl< it, $23,406.
town Junction to Newtown,
Philadelphia <6 Reading.—Main line. Philadelphia to Mount Carbon,
Pa., 98 miles; branch lines owred, 233 miles; leesed lines. 495
mil* s; other lines controlled. 66 miles; total operated, 892 lines. In
May, 1879, rJiis company leased for 990 years the North Pennsylvania
Railroad and Delaware A Bound Brook Railroad, and at same time gave
up the Perkiomen Railroad.
(See terms of lease under names of those
companies.) The Berks County RR. was purchased at foreclosure and
paid for in bonds. The main business of this company has been the trans¬
portation of anthracite coal. Tbe Philadelphia A Reading Coal A Iron
Company is a corporation formed (Dec. 12,1871) for the purpose of own¬
ing and working the extensive coal properties of this company. The
Philadelphia A Reading RR. Company owns all the stock of the Coal A Iron
Company, and the trustees of the general mortgage of 1874 hold the bonds
years in Philadelphia A Reading scrip, according to the Philadelphia of the Coal A Iron Company. Between 1870 and 1876 this corporation
A Reading compromise.
Block, $38,040. Net earnings in 1880 were increased heavily its capital account in tlio purchase of new properties,
and after paying 10 per cent dividends for some years ceased to pay
$118,602; in 1881, $123,129. (V. 32, p. 101.)
after January, 1876. The company was unable to meet all its obliga¬
Peterborough.—Sept. 30, 1881, owned from Wilton to Greenfield, N. H.. tions, and in March, 1877, holders of the general mortgage bonds and
11 miles. Completed Jan. 1, 1874. and leased by Nashua A Lowell
Periokmen guaranteed bonds agreed to take one-half their coupons for
Railroad for 20 years from 1873 at 6 per cent on cost of the road. In three
years in 6 percent scrip: and holders of convertible and debenture
1879 lessees withheld rental, but a suit was decided in favor of Peter¬
bonds to take 6 per cent scrip in payment of their coupons for five year*.
borough. James Scott, President, Peterborough, N.H. (V. 32, p. 16.)
The scrip is convertible into income mortgage bonds.
In May,
company
and on May 24
Petersburg—Petersburg, Va.. to Weldon, N. C„ 63 miles. In May, 1877 Franklin B.1880, the Edwin M. suspended payment, A. Caldwell were
Gowen.
Lewis and Stephen
a Receiver was
appointed and foreclosure sale was decreed April 20
1880, but steps were taken by second mortgage bondholders to prevent appointed Receivers of the railroad and coal companies. (See V. 30, p.
567.) At Philadelphia, July 1, a bill was filed for the foreclosure of the
a sale, and reorganization was made with above
bonds, and $323,500
pref. stock and $1,000,700 com. stock on Dec. 31, 1881. In 1881 gross general mortgage or 1874. Interest was paid in full only on the consoli¬
earnings were $306,057; net, $123,071; in 1881-2, gross, $298,543; dated mortgage of 1871 and prior mortgages. Certain interest was paid
net, $1.38,8 40. (V. 32, p. 232,444, 501, 613, 686; V. 34, p. 178, 377 ; on the coal land mortgages at reduced rates, and the July, 1881, coupon
on the general mortgage was paid Feb. 10,1882.
The contest as to the
v. on, p.
603.)
annual election, the litigation as to the bond schemes, Ac., the defeat of
Philadelphia d Baltimore Central.—Pliila. to Westchester, 26 miles; Mr. Gowen in 1881 and his success in January, 1882, have been referred
Westchester Junction to Octoro.ro Md„ 46 miles; leased Chester Creek to at much length in the Chronicle on the pages indexed below.
Prices of Philadelphia A Reading stock in Philadelphia, have been:
Railroad, 7 miles, and Columbia A P. Deposit, Railroad, 4 miles; total
Perkiomen.—Nov. 30, 1881, owned from Perkiomen June., Pa., to
Emails June, 39 miles. The road was leased for 19 years from Aug. 1,
1868, to Pliila. A Iicad’g RK. , and bonds guaranteed by the lessees; but
the property was surrendered and all control given up in May, 1879.
Ouo-lialf the interest on the consolidated
mortgage was paid tor three
1S82.
1882
1881.
operated, 83 miles. Tnis was a consolidation, Oct., 1881, of the Phiia.
& Balt. Central and the Westchester A Phiia. railroads.
Of the new Jan
Block Phiia. Wil. A Balt, holds $1,669,400.
rFcb
Maroh...
3358-2038
32i0-27i9
2G%-
3238-25%
355g- 28%
....
3214-2738
32 V 2530 October
Philadelphia d Eric.—Dee 31, 1881, owned from Sunbury to Erie, 287 April
miles
Formerly Sunbury A Erie RR. It was leased to Penn. RR. for 999
January 1, 1862, the lessees to pay 30 per cent of gross
^bocipt as rental, bat modiaed January 1, 1^70, so that actual net
years from
receipts
paid
rental. Toe consolidated mortgage is guaranteed by
Pennsylvania Railroad. The unpaid coupons of $2,086,200 are held
«ythe lessee for advances. Last annual report was in V. 34 p. 263.
are
tue
as
May
2950-2710
3419-25%
6
30 V 2619
30V 28
June
3O%-2(>i0
The annual report for ’80-81 was
Tlio
two
July.....
August
Sept’ber.
.
Nov’ber
Dec’ be r..
.
31%-2
31
1881.
-
•*
V287s
3314-3019
3210-30
30‘4-2519
30V 281*
33V 295s
36V
37 V
3 4V
35V
2919
3078
32i4
31%
published in Chronicle, V. 3 4. p. 30.
following table sliows a comparison between the results of the
years’operations. The earnings of the railroad company for the
fiscal year
ending Nov. 30. were
as
follows
xlyiii
RAILROAD, STOCKS AND BONDS.
Subscribers will confer
a
[VOL. XXXV. IJ
great favor by giving immediate notlee of any error discovered in
tbese Tables.
Miles
DESCRIPTION.
of
Date
For explanation of column Leadings, Ac., see notes Road.
of
on first page of tables.
Bonds
Size,
INTEREST OR DIVIDENDS.
or
Par
Amount
•
Outstanding
Value.
Rate per
Cent.
Payable
Bonds—Prinei
Where Payable, and by pal,When Due
Whom.
Stocks—Last
Dividend
“
Philadelphia <6 Reading—(Continued)—
Debenture loan (convertible 1876-92), coup....
745
750
Improvem’t mort., $ or £, sink’g fund, coup—
Gen. mort., $ and £ (sink, fund 1 p. c.
yearly)..
Income mortgage (for $10,000,000)
Debenture and guar, bonds, 6 per cent cur’cy scrip
Gen. mort. and Pcrkiomen 6 per cent
ster’g scrip
Bonds for Berks Co. Railroad
Deferred income bonds (for $34,278,175)
5 per ct. consol, mort. gold for $160,000,000
Coal & Iron Co., guar. mort. (for $30,000,000).
do
debentures, guaranteed
Philadelphia d Trenton—Stock
18796-0.
All.
....
..
....
26
112
....
•
m m m
do
....
Pittsburg Bradford d'• Buffalo—1st mort..coup., g’ld
I
and coup..
88
|
reorganized...
Holliday’s Cove RIl. mortgage bonds
guar...
Special improvement stock, guaranteed
1st mort. (series A to F) i Bonds all coupon,
2d
do
(series G to Mj > may be made pay
3d mortgage
) to order.
Equipment bonds (renewed)
Pittsburg d Lake Erie—Stock.
200
200
117
33
1876
1S71
1862
1862
1862
1857
1874
....
70
70
—1879-SO.
Earnings.
Gross
Earnings.
$7,691,395
Earnings.
$18,612,440
455,827
223,589
2,444
919,105
667,153
80,544
Revenue.
Funds.
Miles.
Ill
112
112
112
112
1877-8...
1878-9...
71,673,562 67,361,041
3,263,110
1,366,223
8
80,794,100 72,503,794
3,551,881
1,231,081 '
8
—(V. 32, p. 68, 232, 266, 289, 422; V. 33, p. 218; V. 34, p. 59.)
Pittsburg Bradford d Buffalo.—Rasul in progress (narrow gauge) from
FoxbUrg and Enilenton to Clarion and thence to Kane, Pa.^ 103
miles,
of which 88 were finished in Dec., 1881. Bonds issued at
$8,000 per
mile.
Stock authorized, $1,000,000,
par $100; issued, $550,000.
Earnings in 1881-82, $76,785; net, $20,023.
Charles W. Mackey,
President, Franklin, Pa. (V. 33, p. 359, 736; V. 35, p. 51,133, 236,
737.)
Pittsburg Cincinnati d St. Louis.—December 31. 1881, owned
from Pittsburg, Pa.,
to Columbus, Ohio, 193 niles; branch
to
Cadiz, Ohio, 8 miles; total, 201 miles.
This w:n a consolidation
of several companies, May 1, 1868,
including th-i Steubenville A
Indiana and
.
.
the
Pan
Handle roads.
This compa ly is controlled
by the Pennsylvania Company, through the ownership of a
majority of
its stock. This
company' also holds leases of the Little Miami and its
dependencies and of the Columbus Chicago A Indiana Central
road,
which are operated by the Pennsylvania
Company, and their
separately stated. Common stock, $2,508,000; first preferred, earnings
$2,929,200; second preferred, $3,000,000; par value of
shares, $50. The
interest on the second mortgage bonds, due from
October 1, 1875, to
April 1. 1878, inclusive, was
Comparative statistics for
paid in 1880.
four years were as follows:
INCOME ACCOUNT. *
1
1878.
$
Receipts—
Rentals and interest.
Net from leased l oads
All other accounts
...
Total income
Disbursements—
Rentals paid
Interest on debt
Other interest
Miseellau’s accounts.
Int. onC.A
Loss
on
M.Val.bds
St.L.V.A T.1I.
Balance, surplus
Total
*
1,186,763
24,854
1879.
$
1,599,562
14,022
$
2,032,682
16,041
1881.
$
1,309,313
22,670
711,466
647,858
532,690
2,123,144
2,325,050
$
821,299
833,625
136,980
2,696,581
1,864,673
$
801,018
842,480
174,914
$
819,464
816,769
181,777
105,000
65,200
105,000
105,000
27,211
105,000
38,693
16,144
412,002
2,123,114
2,325,050
283,390
Exclusive of Col. Chic. A Ind. Cent.
1880.
449,688
461,839
$
828,127
669,790
132,944
7,098,900
5,250,000
5,160,000
2,000,009
100,000^
1,000,000
2,039,250
2,000,000
176.445
745,868 dcf. 258,782
2,696,581
1,864,673
J.
A.
A.
A.
T.
A.
F.
A
Philadelphia, Office.
J. Philadelphia A Boston.
A O.
do
do
A O. Phil’.delphia, Co.’s Office
A ().
do
do
A D. [
do
do
A O. N.Y., Nat. Bk.Ttcpublic.
A A. Pliila., Pa., RR. Office.
A. A O.
do
do
M’ntlilv N. Y., 21 Cortlandt St.
J. A J.
do
do
•
Jan. 10, 1883
July 1, 1882
April, 1887
Oct.
June, 1910
April 1, l&ii
Aug. 3, 1900
April 1, 1913
May. 1884
Jan., 1900
....
6 g.
1. 1892
April 1. 1900
1893
July, 1898
Aug. 1, 1889
Jan. 1, 1926
Jan. 2, 1883
Jan. 3. 1883
July 1, 1912
July 1, 1912
July 1, 1912
Jan.
1, 1887
Mch. 1, 1884
I.T. A .T. ; N.Y.„ Chemical Nat. Bk.
1878.
Earnings.
$8,122,493
439,468
287,770
2,710
Passenger Freight (ton)
Gross
Net
Div’d
Mileage.
Mileage.
Earnings. Earnings, p. ct.
59,160,438 42,089,750 $2,916,250 $1,161,216
8
60,504,494 46,080,501
2,660,446
1,095,103
8
62,102,597 58,146,546 2,849,919
1,282,178
' 8
May 1, 1922
1892 to ’94
1892
GENERAL BALANCE AT CLOSE OF EACH FISCAL
YEAR.
$19,989,430 $4,049,502 $5,863,918 $1,814,415
1876.. 26,392,586
23,539,039
2,853,546
5,892,792
3,039,246
1877.. 24,508,324'
20,758,403
3,749,920
6,392,407
2,642,486
1878.. 22,022,419
18,428,092
3,591,327
7,012,442
3,418,110
1879.. 26,937,886
23,493,880
3,444,005
7,052,760
3,608,754
1880.. 32,177,003
26,682,024
5,494,978
7,542,073 ' 2,047,094
1881.. 35,286,463
28,598,114
6,688,348
7.466,092
777,743
—(Y. 32. p. 16, 17, 44, 70, 101. J22, 156, 184, 206, 232, 289,
313, 336,
396, 407, 422, 430, 445. 469, 488, 527, 539, 578, 613, 686; V. 33,
p. 12,
23, 93, 102, 123, 154, 177, 202, 226, 256, 329, 385,
412, 433, 470, 5«2,
588,745; V. 34, p. 30, 32, 60, 87, 115, 205, 231, 265. 292. 316,345,
378, 409, 461, 479, 509, 549, 605, 715 ; Y. 35, p. 44, 132,
189, 236, 266,
374, 487, 603, 706, 737.)
Philadelphia d Trenton.— Kensington, Pa., to Morrisville, Pa., 26
miles. On Dec. 1, 1871, it was leased with the
United Companies of
New Jersey to the Pennsylvania Railroad, at 10
per cent on stock, and
is operated as a part of its New York division.
Philadelphia Wilmington d Baltimore.—Dec. 31, 1881, owned from
Philadelphia, Pa., to Baltimore, Md., 96 miles; Port Deposit Branch, 4
miles; Southern Division to Rodney & Newcastle, Del., 12
miles; total,
main line and branches, 112
miles; Delaware RR. (leased), 95
total operated, 207 miles. Owns over half the stock of the P. A B.miles-;
Cent.
In April, 1881, nearly the whole stock was
purchased and is held by
Penn. RR. Co. Operations and earnings for five
years past were:
Years.
6,292,000
19,714,285
Net
Deficit.
July, 1882
May 1, 1898
J. A J. Balt., Balt. A Ohio RR.
F. A A. Pittsb., First Nat. Bank
6 g. I. A J. London. J.S. Morgan ACo
1%
Q,-J. ;N. Y., Winslow, L. A Co.
1%
do
Q.-J.
do
7
Various
do
do
7
Various
do
do
• A. A O
7
do
do
7
J. A J.
do
do
8
IM. A S.
do
do
32(5.000
50
1.000
the earnings and expenses, the fixed charges for interest,
sinking funds, and yearly profit and loss from 1875 to 1881,
both inclusive, were given as follows in the
report:
Gross
Op. Exp. and
Net
Int. A Sink’g
Rentals.
„
'4,000,000
1,000
1,000
showing
Revenue.
7
7
6
7
6
7
6
134,000
100
500 Ac.
500 Ac.
500 Ac.
rentals and
1875..$24,038,932
6 g.
3,000,000
£200
Total
$18,520,403 $8,373,255
$20,279,244 $8,852,443
The joint statement of the railroad and the coal and iron
companies,
Year.
800.000
6,863,000
2,500,000
-1SS0-81.Net
....
i,6b’o
$100
do
Philadelphia.
Philadelphia, Office.
Q.-J.
4
6
6
6
5
1,000,000
1,000
1878
do
J. London A
Philadelphia A London.
Various London A Philadelphia.
S.
Philadelphia, Office.
2Js
1,009,000
700,000
800,000
100 Ac.
Philadelphia, Office:
....
1,259,100
1893
1897
1, 1908
Occ. 1,
1896
July, 1882
M. A
120.000
149
468
A
Jft?- 1,
1.
Philadelphia. July
M. A N.
1,000
1,000
1,000
1864
A J.
5
1.000
1873
1864
A D.
J.
J.
7
7
1,000
1868
1S59
1st mortgage, gold, coupon.
Railroad traffic...$16,938,886
CanaLtraffic
873,244
Steam colliers
607,646
Richmond barges.
100,627
•
J.
3, 4, 5, C M. A N.
11,795,050
1,000
1,000
1868
149
10
463
468
construction bonds.
Gross
1867
1872-4
1875
1880
1381
468
46S
Pittsburg Ft. Wayne d Chicago—Stock,
Pittsburg, Ft. Wayne & Chic,
100
50
Philadelphia, Office.
Philadelphia or London
J. A J. London A
(0
....
•
J. A J.
A. A O.
13,036,500
1,731,000
....
1,000
....
PiUsb. <£ Conntllsrille.—1st mortgage..
1st
do
Turtle Creek division...
Consol, mort., guar. B. A O. (s. f. £7,200 pr.
yr.)..
-
» 9 •
9
1st mortgage. Steubenville & Ind.,
Col. <Nl Newark Division bonds
^
6
6 g.
7
6
6 £T.
1,832,760
586,000
(0
....
1882
1872-4
1872
7
3,472,973
....
....
do
do
2d consol, mortgage
10 Ac.
90 Ac.
....
Philadelphia Wilmington if- Baltimore—Stock
Plain bonds, loan
Pitts. C. d St. L\— 1st M., consol., reg.
$1,000 $10,499,900
1,000
9,364,000
1,000
19,686,000
1,000
2,154,000
....
-
do
do
do
1873
1873
1874
1876
1877
1877
1873
1879.
$
92,312
64,639
$
19,942,295
58,399
317,855
660,293
1,202,432
541,607
237,543
64,639
291,868
37,504
23,297,655
Assets—
23,062,567
23,219,144
$
2,508,000
$
2,508,000
5,929,200
Railroad, equipm’LAc 19,912,295
Stocks owned, cost...
57,298
Bonds owned, cost...
317,855
Bettcrm’tsto l’sed r’ds
651,671
BillsA acc’ts rec’vable
1,361,789
Materials, fuel, Ac.*..
517,928
Cash on hand
Add’ns to Cin. S. C.Ry
Profit & loss balance.
Total assets
Liabilities—
$
Stock, common
2,503,000
Stock, preferred
5,929,200
Bds. (see Supplem’t). 12,497,000
All other dues A acc’ts
956,898
Due Little Miami RR.
DueC. C.& I. C. RR..
Cin. Street Conn. bds.
888,808
Miscellaneous
Profit & loss balance.
70,618
134,601
262,500
1880.
5,929,200
12,497,000
726,893
888,783
184,601
262,500
65,590
1881.
$
19,942,295
58,399
283,000
$
19,979,033
58,399
283,000
835,376
980,133
732,474
297,465
64,639
376,393
706,241
1,076,528
625,859
462,183
64,639
12,497,000
784,754
891,189
23,606,912
$
t2,503,000
15,929,200
12,617,000
1,138,636
184,601
262,500
64,849
97,051
853,890
184,601
262,500
133,085
Total liabilities.
23,297,655 23,062.567 23,219,144 23,606,912
Includes supplies March 31, 1875, transferred.
t Of which $379,150 common and
$2,950 preferred is Steub. & Ind.
fltnplr nnr»nnvprtpfl
.
*
-(V. 32, p. 155, 498
;
V. 34, p. 292, 345, 486
;
V. 35, p. 133.)
Pittsburg d Connellsville.—Sept. 30,1882, owned from Pittsburg, Pa., to
Mt. Savage June., Md., 147 miles; branch, 2
miles; leased lines, 22 miles;
total, 171 miles. On Dec. 13 1875, the property was leased to the
Balt.
& Ohio RR., and possession
given Jan. 1,1876. The P. & C. is credited
with all the earnings and charged with all the
expenses. Tlie city of
Baltimore transfericd its interest to the Baltimore & Ohio
Railroad for
$1,000,000, and the consolidated sterling mortgage wras made and guar¬
anteed by the Baltimore A Ohio. It is
operated as the Pittsburg Division
of the Baltimore A Ohio Railroad.
Iu February, 18S0, a
judgment in
favor of B. A. 0. Co. was confessed for
$4,354,748. Stock is $1,944,400.
In 1879-80 the net earnings
were$1,011,827; in
1881-2, $1,512,125.
1880-81, $1,124,473; in
Pittsburg Fort Wayne d Chicago.—Dec. 31,1881, owned from
Pa., to Clue., Ill., 468 miles. The company made default Oct. 1, Pittsburg,
1857, and
again in 1859. and was foreclosed Oct. 24, 1861, and
reorganized under
this title Feb. 26, 1862. On June 27,
1869, the
leased all its
road and property to the Penn. RR. at a rental company
equivalent to interest,
sinking fund of debt, and 7 per cent on $19,714,286 stock, which was
increased at that time from $11,500,000.
The lease was transferred
subsequently to the Pennsylvania Company. The lessees are to keep
the road in repair and also pay taxes,
expenses, Ac. The Pittsburg Ft.
Wayne A Chicago leases the Newcastle A Beaver Yallcy and the Law¬
roads, which in turn arc leased again by the Pennsylvania Co.
The first mortgage bonds are in six series lettered A to F
inclusive,
of $875,000 each series, the interest on A” series
being payable Jan.
and July; on “B” it is February and
August; on “C” it is March and
8ci)tember; on “D” it is April and October; oil “E” it is May and Nov.,
and on “F” it is June and December. The second
mortgage is also iu
six series of $60,000 each, lettered II toM
inclusive (J omitted), and the
interest is payable Jan. and July on -“G” series, Feb. and
Aug. on “ II,”
March and Sept, oil “ I,” April and Oct. on “ K,”
May and Nov. on “ L,”
and-June and Dec. on “ M.” The bonds are
coupon, but may bo regis¬
tered payable to order. Of the 1st
mortgage bonds, $1,196,000, and of
the 2d mortgage $1,258,000, and
$399,813 cash, were held in the sink¬
ing funds Jan. 1, 188L The special improvement stock is issued to
Pennsylvania RR. for improvements, Ac., under article 16 of lease, viz.:
‘•Article 16. The party of the first
part hereby agrees that, for the
purpose of enabling the party of the second part to meet the obligations
of tlie pally of the first part to the
public, by making from time to time
such improvements upon arm additions to the saki
Pittsburg Fort Wayne
A Chicago Railway, in tlie extension of facilities for increased business
by additional tracks and depots, shops and equipments, and the substi¬
tution of stone or iron bridges for wooden bridges,
or steel rails l’or iron
rails, the party of tlie first part will issue, from time to time, a special
stock, which shall bear such name as shall be hereafter agreed upon, or
bonds, or other securities.” * * * “ The said party of the second part
shall guarantee the payment,
semi-annually or quarterly, thereon of
sueli rate of interest as may be
agreed upon between the parties hereto,
to be paid by the said party of the second
part to the holders thereof
without deduction from tlie rent hereinbefore reserved; and the said
special stock, or bonds, or other securities, shall be .issued
only in respect
to improvements of and additions to the said
railway which, and esti¬
rence
mates and specifications of which, shall have been submitted to ana
approved by tlie said party of the first part in-writing.” * * *
Tlie lease has been profitable to the lessees. Of both 1st mort. and 2d
mort. bonds, a considerable amount is in the
sinking funds. Operations
and earnings furtive years past were as follows;
Sabierlberi will confer a
18709.
Miles
first page of tables.
notes
Date
of
of
Charleston—1st mortgage, gold
db Chicago—Stock
PUtstrurg db Western.—1st mort., g. (for $6,000,000)
vomerov db Newark—Stock
Port Jervis db Jfonticello—Stock
Port Royal db Augusta—1st mortgage
General mortgage income bonds, coup
Portland db Ogaensb.—1st mort., gold
:
Mortgage oor $3,300,000)
Portland db Rochester—Stock ($600,000)
Portland Saco db Portsmouth—Stock
Portsmouth db Dover—Stock
Portsmouth Ot. Falls db Conway—Stock
1st mortgage
Poughkeepsie Hartford db Boston— 1st and 2d mort.
providence & Spring/.—1st M. vend, by City Prov.).
Providence db Worcester—Stock
New bonds
Saleigh db Augusta—Stock ($1,000,000 pref.)
paieigh & Gaston—1st mortgage
Beading db Columbia— 1st mortgage, coupon
2d mortgage, coupon
Debentures.
Lancaster A Reading, 1st mortgage.
Bensselaer db Saratogar-Stock
1st mortgage, consolidated (for $2,000,000)
mortgage, gold.
($4,000,000)
Improvement bonds ($300,000)
Richmond db Danville—Stock
3d mortgage, (consol, of 1867) coup, or reg
General mort., gold (for $6,000,000)
Debenture mortgage bonds, cumulative
Richmond db Alleghany—1st
Second mortgage, gold
Piedmont brancli, 1st mortgage
Northwestern, N. C., 1st mort., guar
Freight (ton)
Size,
30
or
Par
$1,000
....
Cent.
7 g.
A. A O.
(?)
500,000
724,276
6 g.
J.
A J.
6
6
6 g-
J.
J.
J.
M.
A
A
A
A
3
3
3
J.
J.
J.
J.
A J.
4,000,000
1881
1,000
50
27
24
112
1878
60
94
100 Ac.
50,000
1878
1870
1871
....
100 Ac.
500 Ac.
1,500,000
100 Ac.
2;20»,OGO
187-90.2
1,500,000
100
100
100
....
....
....
769,000
770,000
1.000.000
1875
1872
....
1,000
100
....
1877
4ia
535,000
500,000
2,500,000
500 Ae.
1877
*99
7
7
3
6
April 1,1902
July 1, 1921
New York.
Jan.
Jan.
New York Office.
do
Jan., 1900
Nov., 1901
Portland, Treas. Office.
do
do
1,000
1873
1862
1864
1877
1873
15
183
July 15,1882
Jan. 1, 1883
July 15, 1873
June 1, 1937
A J. Providence,Am. Nat.Bk
A J.
Providence, Office.
do
do
July 1, 1892
Jan. 1, 1883
1897
Boston, Office.
....
1905
100 Ac.
100
1871
1880
1881
744
141
141
..
1,000
1,000
1,000
48
29
1,000
1,000
1,000
1,000
Div’d
Net
Pittsburg Virginia db Charleston.—From Birmingham, Pa., to Browns
Pa., 53 miles.
The stock is $1,504,900. The bonds, $2,000,
000, besides $208,100 debt certificates, and of the stock
are owned by the Penn. RR.
Net earnings in 1881 were $127,141
ville,
$1,251,050
against $65,851 in 1880.
mortgage was executed Oct. 1, 1881, to the
the projected line from Allegany City.
Pa., to Youngstown, O., and Newcastle, Pa., to Red Bank, Pa., and
Junction to Parker, Pa., in all about 200 miles. Also the rights secured
by the contract of the Wabash, Central of New Jersey and Rochester
& Pittsb. combination. Stock, $6,000,000.
(Y. 34, p. 461; V. 35, p. 103,
Pittsburg db Western.—The
Mercantile Trust Co., covering
266,431,546.)
33, p. 75 ; Y. 34, p. 461; V. 35,
350,000
6,854,100
1,925,000
4,925,000
97,000
5,000,000
1,228,100
3,102,000
4,000,000
500,000
500,000
103.)
miles. For'
reorganized
M. A 8. N. Y., Union Nat. Bank.
J. A D. Columbia, First Nat.B’k
Phila.,Pa.,ARaTgh,N.C.
1898
1912
June, 1884
Dec. 1, 1917
J. A J.
Phila., Co.’s Office.
J. A J. N. Y., Nat. B’k Com’rce.
MAN. N.Y., Del. A H.Canal Co.
J. A J. N. Y., Treasurer of Co.
do
do
M. A N.
July 1, 1893
Jan. 2, 1883
Nov., 1921
July 1, 1920
May 1, 1910
Aug. 15, 1882
N. Y., Met, Nat. Bk.
Q.-F.
MAN. N.Y.,Merc’ntile Nat.Bk. May 1,’85 A’90
1915
do
do
J. A J.
A A 0. N. Y., Central Trust Co. April 1, 1927
1888
A. A O.! N.Y., Mercantile Nat.Bk
1902
Richmond.
A. A
J.
Jan.,
Mch. 1,
O.J
with a guaranteed rental of $45,000 a year, which pays 4*s per cent on
$1,000,000 bonds, and the stock is to receive the same dividends as the
stock of the lessees.
Total stock, $1,150,300, of which lessees own
$551 300.
Poughkeepsie Hartford db Boston.—Sept.
30.1882, owned from Pough¬
A
keepsie, N. Y., to New York State Line, 47 miles. The Poughkeepsie
was opened in 1872, and was sold in foreclosure May 15,
1875, and the present company organized. It connects with the Connec¬
ticut Western RR. The 1st mortgage bonds are $35,000, 2d mortgage
$500,000 The stock is $850,000. In 1880-81, gross earnings.
expenses, $54,815.
In 1881-2, gross earnings, $68,408; expenses,
$59,496. G. P. Pelton, President, Poughkeepsie, N. Y.
Eastern RR.
$59,232;
Providence db
Springfield.—Providence, R. I., to Pascoag,
23 miles. It
proposed to extend the road to Springfield, Mass., 80 miles. 8tock is
$517,150. In 1879-80, gross earnings were $88,125; net. $39,304. In
1880-81, gross, $89,328; net, $42,485. William Tinkham, President,
is
Providence, R. I.
Providence db Worcester —Sept. 30, 1882,
R. I.,
leased Milford & Woon¬
66 miles. In
ind stockholders
for each four
share bt
owned from Providence,
to Worcester, Mass., 44 miles; branches, 7 miles;
socket RR. and Hopkinton RR., 15 miles; total operated,
1881 new stock for $500 jOO issued for improvements,
have the right till July 1 1881, to take one new
par
shares owned
Operations and earnings for five years past as
Pa senger
Years.
Miles.
Mileage.
L877-8
66
66
66
66
66
13.971,108
13,753,392
15,941,739
17,439.529
19,977,254
..
..
Pomeroy db Newark.—Pomeroy, Pa., to Newark, Del., 27
merly Penn. & Del. RR., then Pomeroy & State line, then
J. A
2
6
6 g.
6
8
6
350,000
974,000
100
100 Ac.
.
1867
1874
1882
1868
1873
....
8
5
7
7
7
4
7
7 g.
6 g.
820,000
650,000
1,600,000
....
79
250
250
100 Ac.
1.000
1, 1899
1, 1899
Portsmouth, Treas,
A J.
A J. Bost., Eastern RR. Co.
do
do
A D.
J.
J.
1.242.000
....
Philadelphia.
and by
1.873.600
97
40
40
Gross
800,000
J.
J.
J.
N.
580,168
53
51
11
71
71
42
23
66
Stocks—Last
Dividend.
Payable
$2,000,000
Miles.
Mileage.
Mileage.
Earnings. Earnings, p. ct
468j 76,466,488 439,998,281 $7,020,545 $2,956,147
468 77,819.493 637,470,506
7,872,476 3,529,085
468 86,406,476 803,053,260
8.461,563 3,720,298
468 104,287,111 806,257,399 10,096,819
4,778,210
468 130,470,469 1,044,447,161 10,741,490
4,883,005
-(V. 32, p. 677.)
Pittsburg db Lake Et'ie—Dec. 31, 1881, owned from Pittsburg, Pa., to
Youngstown, O., 68 miles; branch line to Newcastle, Pa., 2 miles; total,
70 miles. Opened Feb. 1,1879. On Dec. 31,1881, equipment notes and
temporary loans were $403,990. Gross earnings in 1880, $841,256
net, $442,244. In 1881 gross, $1,041,063; net, $608,764.
(V.33, p
62, 101; V. 34, p. 59; V. 35, p. 103.)
p.
When
pal, When Due.
Whom.
Where Payable,
Rate per
Outstanding
Years.
'
Pittsburg Youngstown db Chicago.—(V.
Amount
Value.
Road. Bonds
viOso. Fa. db
vatibura Youngstown
*
discovered in tbese Tables.
Bond#—Princi¬
INTEREST OR DIVIDENDS.
p^Tft-mlanatioii of column headings, &c., see
*or
v
Passenger
xlix
BONDS.
AND
great favor by giving Immediate notice of any error
DESCRIPTION.
on
STOCKS
KAILROAD
1882. J
Dbcbmbeb,
Freight (ton)
Mileage.
follows:
Net
Div.
Gross
Earnings. Earnings,
17.916,241 $865,792
19,286.814
914,476
23,669.729 1,061.801
22.211,710 1,039.071
25,023,982 1,147,514
$285,731
364,049
332,813
303,457
310,897
p. c.
4
5
6
5
6
—(V. 32, p. 206; V. 33, p. 561; V. 35, p.„577 )
Raleigh db Augusta— July 31, 1881, owned from Raleigh, N. C., to
Operated by Pennsylvania Railroad.
Hamlet, N. C., 99 miles. Formerly Chatham Railroad, and is controlled
Port Jervis db Monticello —Sept. 30, 1881, owned from Port Jervis, N.
by Raleigh A Gaston. Earnings 1880-81, $206,738; net, $72,021.
Formerly the Monticello A Port
Y., to Monticello, N. Y., 24 miles.
Raleigh db Gaston..—From Raleigh to Weldon, N. Q.. 97 miles. Stock,
Jervis RR., which was sold in foreclosure July 16,1875, and reorganized
$1,500,000. Dividend of 3 per cent paid October, 1881. Earnings for
as the present Port Jervis & Monticello. Gross earnings in 1879-80, $29,five years were as follows;
128; net. $6,545; in 1880-81, gross, $28,171; deficit, $15,018. The
Net
Gross
stock is $724,276, issued to the former holders of first mortgage bonds.
Earnings
Earnings.
Miles.
Years.
Port Royal db Augusta.—Sept. 30, 1881, owned from Port Royal, S. C.
$88,701
97
$242,245
to Augusta, Ga., 112 miles. Formerly Port Royal Railroad. Defaulted 1875-6..
85,750
234,511
97
Nov. 1, 1873, and receiver appointed May 9,1875. Sold in foreclosure
107,185
242,478
97
June 6,1878, and purchased for the bondholders, who organized this
115,343
295,051
97
company. The Georgia Railroad was endorser on $500,000 of the old
53,3t>4
439,785
97
bonds. The stock is $750,000, and in June, 1881, a controlling interest
was purchased by Central Georgia RR. parties.
There are also $50,000
Reading db Columbia.-Nov. 30.1881, owned from Columbia to
equipment bonds.The report for 1880-91 gave earnings, Ac., compared ing Springs, Pa., 40 miles; branches, 8 miles; Lancaster A
with 1879-80, as follows;
Railroad, leased, 15 miles; total operated, 63 miles. Stock, $958,268.
1879-80.
1880-81. The road is controlled and operated by Philadelphia A Reading, but
Gross earnings
$3u9,634
$356,085 accounts kept separate. The first mortgage 7 per cent bonds, due
Operating expenses
222,634
241,198 1882, were extended 30 years. Gross earnings in 1880-81, $394,184;
in 1881
as
above.
net
Net
earnings
-(V. 32, p. 356; V. 33, p. 589, 621.)
Portland db Ogdensburg.—Sept. 30,
to Fab vans, 91 miles. It readies the
$114,887
1881, owned from Portland Me.,
$87,000
Vermont Division (now St. Jolins-
bury A Lake Champlain) by using 14 miles of the Boston Concord A
a 3-milo link of its own.
The city of Portland owned
a controlling interest in the stock, which is $1,052,186.
A suit in
equity was Degun by holders of the 1871 mortgage in February, 1881,
but contested by the city. Earnings of this road for five years past
Montreal RR. and
were, as follows:
Years.
Miles.
94
Gross Earn’gs.
Net Earn’gs
$262,764
270,783
271,493
292,659
304,245
$69,431
88.574
92.295
102,695
91.077
—(V. 32, p. 206 ; V. 34, p. 113, 522 )
Portland db Rochester.—Sept. 30, 1882, owned from Portland, Mo., to
Rochester, N. H., 53 miles. The old company was put in the hands of
a Receiver February, 1877.
Foreclosure suit was begun, but a settle¬
ment was made in 1881 by which all the old stock anu bonds were con¬
verted into the stock of the new company.
Gross earnings in 1880-81,
$168,328 ; net, $15,034 ; in 1881-82, gross, $201,S47; net, $6,526. (V.
82, p. 181 ; V. 33, p. 461 ; V. 34, p. 175.)
Portland Saco cb Portsmouth.- -Portland, Me., to Portsmouth, N. II.. 51
miles. It was leased May 4, 1871, to the Eastern Railroad, Mass at 10
,
Lease rental
changed May 21, 1877, and
now
6
Portsmouth db Dover.—Portsmouth, N. H., to Dover, N. H., 11 miles.
Opened February 1, 1874, and leased for 50 years to Eastern of New
Hampshire at 6 per cent per annum on the stock. Operated now by
Eastern (Mass.) Frank Jones, President, Portsmouth, N. II.
Portsmouth Great Falls db Conway.—Owns from Conway Junction, Me.,
to North Conway, N. H., 71 miles.
The Eastern Railroad in Massa¬
chusetts has made a lease of the road for 60 years from December 1,1878,
$138,794; payments for interest
34, p. 282.)
and rental, $94,500. (V.
Whitehall,
Rensselaer db Saratoga.—Sept. 30,1881, owned from Troy to
N.Y., 73 miles; branches, Albany to Waterford, 12 miles; to
1 mile; to Glens Falls, 6 miles; to Castletown, Vt., 14
to
Vt„ 62 miles; Balston to Schenectady, 15 miles; total line
183 miles. It was a consolidation of several lines, and the
Hudson Canal Co. leased the whole March 1,1871, at a
per
cent on the stock and 7 per cent on the bonds.
Operations
earn¬
ings for four j'ears past were as follows;
Div.
71*
Net
Gross
Freight (ton)
Passenger
Earnings. p.C.
Earuings.
Mileage.
Years. Miles.
Mileage.
8
379,279
1,486,456
38,809,900
19,536,543
1878-9.. 183
8
865,372
1,824,318
54.333,707
21,797,913
183
1879-80.
8
762,637
1,922,002
55,939.^2
23,427,570
1S80-81. 183
-(V. 32, p 98.)
Richmond d Alleghany.—March 31, 1882, owned from
Williamsons, Va.witU branches to Lexington, 250 miles,
Henrico RR., Lorraine to Hungary Statiou, 11 miles;
The company owns by purchase the property
261 miles.
chises of the James River A Kanawha Canal Co.,
Green Island,
miles; Rutland,
and branches,
Delaware A
rental of 8
and
*
94
94
94
per cent, on stock.
per cent. No debt.
earnings,
Sink¬
Reading
•
Ricluuond to
and leased
total operated,
and fran¬
including water
power on James River. The stock is $5,000,000, and there is also a 2d
mortgage subscription loan of $1,250,000. In June, 1881, consol¬
idation with the Ohio Central was voted, but never consummated, and
the negotiations pending for some time are referred to in the Cukoniclk,
Vols. 32, 33 and 34. See report with balance sheet to Sept. 30, 18-<2,
in V. 35, p. 707.
Gross earnings in 1881-82, $545,002. (V. 32. p. 579,
613, 686,; V. 33, p 12.4s, 102. 154. 202, 226, 305, 685, 716; V. 31.
116, 196, 550, 625, 655; V. 35, p. 707.)
Danville.—Sept.. 1882. owned from Richmond, Va., to
Danville, Va., I ll miles; branches, 12 miles; Danville, Va., to Greens¬
boro, N. <\, 47 mi’es; Salem Junction to Salem, 25 miles; leased;
p.
Richmond A
Point, Va., to Richmond,
miles; Charlotte, N. C.,
branches, 70 miles; total
Wes
C., to Charlotte, 223 •
and narrow gauge
owned and leased, 825 miles.
38 miles; Goldsboro, N.
to Atlanta, 269 miles,
RAILROAD STOCKS
Subscribers will confer
a
d
Dollar loan
Coupon bonds of 1800
Coupon bonds of 1901
Ac.,
see
Road. Bonds
Potomac—Bonds,
38
ster
1873
38
1880
• •
*
«
•
*
<r
©
®
e
$1,000
•
«
*
....
•
.
100
25
25
1870
1875
mortgage
Consol, mortgage ($20,000
per"m.)
500 Ac.
8
6
trust)
Punxutawney
Rock Island d Peoria—Stock
1st mortgage
....
KR., 1st M.,
guar...
....
*91
sinking fund mort, Wat. A R. (extended).
-General
91
409
97
£d
190
Rome Watertown
d
1st
Ogdensburg—Stock
mortgage, sinking fund
mortgage
1878
1855
1861
1872
1874
409
1,000
5,500,000
1878
($3,500,000)
"
1st
mortgage (S. & P. RR.)
Saginaw T alley d St. Louis— 1st mortg.,
coup...
Johnsbury d L. Champlain—1st M.,eoup. orreg.
Joseph d St. Louis—1st mortgage
St.
St.
48
34Vi
120
76
passed for the
Railroad Company
indirectly controls and operates the
lines of railway: Charlotte
following
Columbia A Augusta, 191
A Greenville and
miles;
branches, 220 miles; Spartanburg Union & Columbia
08 miles; Northeastern of
Columbia,
Georg a, 40 miles; Western N. Carolina Rail¬
road, ISO miles; Asheville A
Spartanburg, 07 miles; Virginia Midland
Railway, 401 miles; total miles thus indirectly controlled
A W. Pt. Tcr'l R. W. Co., 1,182
miles; grand total of miles through R.
directly and
indirectly controlled by Richmond A Danville RR.
Co., 2,009. The
Richmond A Danv. Extension Co.
was organized to build
Ga. Pao. RR.,
and large advances were made to
it by the Richmond A
Danville Co.
The annual report for the
year ending Sept. 30,
1882, was published iu
the Chronicle, V. 35, p.
705 and 734.
The income account was as
follows for all the lines;
$2,318,122
965,937
Passengers
Express freights
66,600
United States mails
Miscellaneous
$3,651,073
expenses
2,353,038
Net earnings
Received from int.
$1,298,034
on in¬
vest’s and prem. on bds
accounts
$339,679
on car-
trust contracts)
Int. on bds. of the North¬
western N. C. RR
Rental to Richmond Y.
R. A C. RR
Rental to Piedmont RR.
Rental to North Car. RR
Ki ntal to Atlan. A Char¬
lotte A. L. RR
43,669
2.459
67,6w2
Rents of cars, Ac
Sundry
$27,552 paid
186,602
sources..
Telegraph
Operating
Interest on f unded debt.
Int. on float’g debt (ine.
Dividends
,
Miscellaneous
Making a tot. net reven’e
for the jearof
$1,897,105
104,619
780
85,850
60,000
260,000
467,000
380,000
74,518
23,300
$1,772,446
Balance to the credit of
net iuc.
Sept. 30,1882 $124,659
404, 413.461, 491, 580,, 714; V. 34.
}, 87, 178, 336. 435,
550, 715; V. 35, p. 52,189, 405,
422, *49, 457, 577,
625, 707, 734.)
-(V. 33, p. 66, 100.
102, 125, 385
Richmond
Fi'edcricksburg d
Richmond, Va., to Quantico, 82 Potomac.—Sept. 30, 1882, owned from
miles. In November, 1881,
voted dividend certificates for
there
$755,039 to be issued tc holders of were
mon stock (70
com¬
percent on each share), to
represent money
the property out of
earnings. The common stock is $1,030, spent on
guaranteed stock is
$500,400, and “dividend obligations” 100, and
A dividend of 2
$720,200.
per cent was paid
July 1, 1882, on stock and dividend
obligations. Gross earnings iu
1880-81, $406,927; net, $208,740. In
1881-82, gross earnings,
$439,875; net, $172,543. (V. 32, p. 621
34, p. 655: V. 35, p. 625.)
;
V.
Richmond
owned from Richmond to
lias earned moderate
total,25 miles. The road
dividends
Operations and earnings for three and the debt account is very small.
years past were as follows:
Years.
Miles.
25
25
—V. 33, p.
Passenger
Mileage.
2,281,321
2,457,617
25
2,523,463
623; V. 35, p. 625.)
Richmond
(?)
Freight (ton)
Mileage.
2,465,878
2,746.449
2,370,513
Gross
Net
Earnings. Earn’gs.
164,198
185,905
174,378
79,099
85,926
56,596
Div.
p.c.
4
6
3
700,000
446,000
600,000
358,000
1894
do
1890
J. A J
A. A O.
M. A N.
Richmond,
1885
Richmond,
do
Office.
1895-’99 1902
W. A Co.
1890
do
do
do
Office.
do
do
J. A J.
F. A A.
J. A D.
N.Y'., by N.Y.L.E. AW.Co
N. Y., Union Trust
Co.
New York.
....
J,
J.
J.
M.
J.
J.
A.
A
A
A
A
A
A
A
D.
J. N. Y.. Corn Excli.
Bank.
J. N. Y., Farm. L. A
T. Co.
S.
do
do
D.
do
do
J.
do
do
O.
do
do
Jan. 1, 1883
Feb. 1, 1921
Dec. 1, 1922
(?)
Jan.
1882
1,1900
July 15,1875
Sept. 1, 1910
Dec. 1, 1891
Jan. 1, 1892
July 1, 1922
J.
A J. N. Y., Farm. L, A T.
Co.
M. A N.
Bost., Bk. of Redempt’n
F. A A.
do
do
J.
J.
J.
M.
A.
M.
1901
Jan. 2,
1882
1883 to ’86
May 1, 1915
A J. London and New
York.
A J.
New York City.
A J.
do
A N. New
York, 9th Nat. Bk.
A ().
Boston.
A S.
New York.
1932
July,
1901
Nov. 1, 1902
1898
Jan.
1, 1912
1875
1907
May l, 1902
Oct. 1, 1910
1894
and the
following bonds: $250,000 Riciimond & Danville
gage 6 per cents, $100,000
general
Knoxville
Augusta 1st mort. 6 per mort¬
$308,000 Spartanburg A Asheville 1stAmort. 6
cents,
ern North Carolina
percents, $850,000 West¬
eon. 6 per
cents, $15,700 miscellaneous
bonds. (V. 33, p. 589; V.
townshin
34, p. 379, 409, V. 35, p. 735.)
Rochester d Cienessec
Valley— Sept.
N. Y., 18 miles. Leased 30, 1881, owned from Avon to
July 1, 1871, iu
Railway, and now operated by New York Lake
perpetuity, to Erie
Erie & Western.
$34,012. James Brockett,
Rental,
Rochester,
President, Rochester, N.
Y.
Rochester d Pittsburg.—Dec.
31, 1881, owned from
Salamanca, N. Y., 108 miles. Formerly Rochester
Rochester; N.Y, to
A
was opened
May 15,1878. In Feb., i880, Sylvanus J. State Line, which
was appointed Receiver
Macy, of Rochester,
of the
company. The road had been
assisted by tlie
largely
City ot Rochester. On Jan. 8,
and purchased by Walston
1881, the road was sola,
II. Brown, of New
York, for $600,000, and
was reorganized its the
Rochester A
$3,000,000 (increased May, 1881, to Pittsburg, with capital stock of
$4,000,000). In November, 1881,
an important
consolidation was made. See V.
33, p. 623. In Oct.,
an increase of
1882,
$10,000,0\ 0 stock was voted,
making total stock $20,000,000. and in Dec., 1832, the new
consolidated mort. was issued in
place of old income bonds and for
other
In the year
ending Sept. 30, 1882, gross purposes. (See V. 35, p. 638.)
earnings were, $305,988 ; net,
$101,580. (V. 33, p. 178, 623,
642; V. 34, p. 58; V. 35,
95, 103, 104, 133, 162, 266,
p. 71, 79,
291, 313, 393, 546, 638, 677,
707.)
Rock Island d
Peoria.—July 1, 1881, owned from Rock Island,
Ill., to
This is the Peoria A Rock
Island, sold in fore¬
closure of the first
mortgage April 4, 1877, the bondholders
the purchasers.
Peoria, III., 91 miles.
becoming
Capital stock, $1,500,000.
Gross,earnings, 1880-81,
$484,674; net earnings, $124,452, out of which
a 5 per cent
was paid on the
dividend
stock.
Rome Watcrtoxcn d
Ogdensburg.—Sept. 30,1881,
owned
from Rome to
141 miles; branches: To
Cape Vincent, 24 miles; to Pots¬
dam, 24 miles; Oswego to
Lewiston, 146
Syracuse, 45 miles; leased Oswego A Rome miles; Sandy Creek to
Railroad, 29 miles; total
owned, leased and
operated, 409 miles. It was a
consolidation October,
1861, of tlie Watertown A Rome and
the Potsdam A
roads. The Lake Ontario
Watertown rail¬
Shore Railroad was foreclosed
1874, and transferred to this
September 22,
company January 15,1875. The
Northern was foreclosed, and
Syracuse
purchased by this
1875. The Oswego A Rome
company August 1,
was leased
on
January 1, 1866, at 8 per cent
stock and interest on
bonds.
Ogdensburg,
The company was in
default on
coupons of the consolidated bonds
since April 1, 1878, and
let the prior liens stand
proposed to
and give for the
consolidated mortgage new
bonds bearing 5 per cent; also to
fund the 3314 perct. overdue
interest (to
July, 1882.) into 7 per cent income
bonds; to assess 10
stock to pay
debt, and give income bonds for per cent cash on
the assessment.
Foreclosure under the consolidated
mortgage was not deemed necessary,
and this plan was
substantially carried out in 1882. TheFarmers’ Loan
A Trust Co. received
nearly all the bonds deposited under this
Operations and earnings for live years
plan.
past were:
Years.
floating
Miles.
409
409
409
409
409
Passenger
Mileage.
17,549,628
15,199,509
20,517,456
16,402,043
17,417,353
Freight (ton)
Mileage.
26,732,738
24,967,418
25,914,496
43,538,148
45,887,851
Gross
Net
Earnings. Earnings.
$1,248,842 $336,708
1,203,786
1,143,288
1,467,894
1,510,442
-(V. 33, p. 491, 562, 687; V.
34, p. 715; V. 35, p. 538.)
350,747
308,648
487,738
284,088
Rutland.—July 1, 1881, owned from
ton, Vt., 120 miles. This road has been Bellow’s Falls, Vt., to Burling¬
through many changes. It was
leased to the Central Vermont
in December,
1870, for 20
lessee became
the
insolvent, and finally a modification of years, but was
the lease
made, giving $250,000 per year as a
minimum rental and $8,000 for
organization expenses. The bondholders
bonds in
exchange for equipments and agreed to accept 5 per cent
per cents.
d West Point
Dividend.
Phil.,Townsend
6
10
6
8
6 g.
7
400,000
d
I’ctei'sburg.— Sept. 30,
Petersburg, Va., 23 miles; branch, 2 1882,
miles;
.
1,500,000
1,000
of 1883, off ordered to be
n debentures in
as
April, payingwas floating debt, Ac. The interest due
paid when due. See
partial report for 1881-2 in V. 35, p. 707.
By ownership of a majority of the stock of the
Richmond A West
Point Terminal Railway A
Warehouse Company, the Richmond & Dan¬
ville
General freights
1,500,000
1,000
100
$275,000, and paid an
extra dividend of 1 per cent
therewith. Early in 1882 the
$4,000,000
were sold to R. A D.
stockholders at 45. In April, 1882.
the R. A D. Co. took $5,000,000 of
Terminal stock at $25 per
share, and
gave $1,000.000 ot the R. & D. stock in
part payment. (The Terminal
Co. stock was increased then to
$15,000,000.) The R. & D. was paying
reported,
'500,000
....
debenture bonds
was
2,250,000
1,000
1,000
In Dec., 1881, the R. A D.
Co., as stockholder in the R. A \V. P. Termi¬
nal, took $750,000 of tlie Va. Midland
income bonds with $325,000
stock as a bonus, and realized a
nominal profit of
quarterly dividends, but in Nov., 1882, the dividend
1,000,000
Stocks—Last
London.
J. A J
M. A N.
300,000
1882
1S55
1877
1872
1880
1874
1
.
1,000
lOOAc.
100 Ac.
418,500
1,000
1871
1872
45
120
120
105
5,293,900
1,021,500
1882
Sabine d East Texas—Stock
($4,000,000)
Sabine Pass d lex as North—1st M.
Surpose,
150,000
100 Ac.
500 Ac.
1,000
and by
Richmond.
Various
3
6
6
7
6
2*o
10
3
7
7
7
5
7
7
6
5
1,500,000
25,000
100
190
Income bonds
Syracuse Northern (gold)
....
Whom.
....
0?)
900,000
500,000
....
....
.
J. A J.
M. A N.
J. A J.
Payable,
8
6
3
8
6 A 7
555,200
1,300,000
1,000
1,000
Where
5, 6,7
139,000
18769-0.
1879-20
Broekwayv. A
tear
6 g.
15,000,000
100
1831
1882
Payable
1,009,300
100,000
1,000
100
18
108
279
When
Cent.
400,000
57,327
316,594
150,000
300,000
....
25
Rate per
$900,000
1,000
•
.
Consol, mortgage
Richmond d West rt. Ter. It. d ir. Go.—
Stock
Rochester d Genesee
Valley—Stock
Rochester d Pittsburg.—1st
Outstanding
Value.
^
.....
Richmond & Petersburg—btock
1st mortgage, coupon
Equipment bonds
[Vol. XXXV.
by giving immediate notice of
any error discovered in these
Tables.
Miles Date Size, or
INTEREST OR DIVIDENDS.
notes
of
Amountof
Par
Jtichmond d
Danville—(Continued)—
Richmond York River
AChes., 1st mortgage
do
do
2d mortgage
Kick'd
Iredcriclcsburg
BONDS.
great favor
DESCRIPTION.
For explanation of column
Leadings,
on first
page of tables.
AND
The 5
6 per cent bonds in lieu of 8
percent 2ds are a first
Terminal
mortgage on rolling
incorporated by an act of Railway d Warehouse Co.—This com¬ personal property. The common stock is $2,480,600 and stock and
the Legislature of
$4,000,000. Oue dollar per share
preferred
8,1880. It is the
Virginia
paid on preferred stock
auxiliary corporation of the Richmond A of March 1882. (V. 33, p.
August,
syndicate controlling several
154; V. 35, p. 124.)
Danville
stocks bv
Iu April, 1882, tlic
ownership of a majority
stock was increased
from $5,000,000 to
the old stockholders
Sabine d East Texas— Sabine
$15,000,000,
to Boon’s
share owned. The taking two new shares at $25 per share for each old to
Ferry, Tex., 104miles; thence
Shreveport, La. About 105 miles
Richmond A Daiiville
this stock. Its stock
completed to July, 1882. (V. 35,
Company owns $7,510,000 ol p. 237, 487.)
was placed on N. Y.
Stock Exchange in
1881. ana tlie balance sheet
was published in
November,
the Chronicle, V.
589. The
company owned the following
33, p.
Sabine Pass d Texas North.—A
Ana of road,
mond A Danville
stocks, eviz.: $2,550,000 EicnExtension Co., $120,000
Marshall, Tex., to Sabine
Gulf of Mexico, 200
miles.
Northeastern Railroad of Pass,
Road under construction.
Georgia, $3,160,300 Western North Carolina
$3,000,0U0,
Stock,
A AugTista
RR., $100,000 Knoxville
ETC, $1,302,400 Charlotte
Columbia A Augusta
000 Virginia Midland
RR., $518
Sacramento d Placerville.—Dec.
Railway, $1,001,000 Columbia A Greenville
31, 1881, owned from
Rli!; Cal., to Shingle Springs, Cal., 48 miles.
Sacramento,
This was a consolidation of
pany was
-
KAILKOAD
1882.]
December,
STOCKS
AND
li
BONDS.
Snbscribers will confer a greatjfavor by giving immediate notice of any error discovered In these
I
DESCRU TION.
Miles
*
on
first pag1
of tables.
Date
Size,
or
Par
l$100Ac.
Kansas
Kansas
& Nebraska, 1st mortgage
& Nebraska, 2d mortgage
Hastings &
St Louis
cumulative)
pref. st’ek (7
•
2d mortgage, preferred
2d mortgage, preferred
2d mortgage, income
.a
2
©
(series C)
(series D)
^ s
c a
-
-
J u £©
bonds, not cumulative
St. Louis dt Cairo— 1st M., income (not cumulative)
St. Louis Ft. Scott <£ Wichita—1st M. ($15,090 p. m.)
St. L. Han.dk if.—1st M . conv. till ’87 ($12,000 p.w.)
Si. Louis Keokuk dt X. W- Stoek($l,350,000 is pref.)
Income
gold
Income bonds
St. Louis Salem J. Little Rock—1st mortgage
St. Louis'd San Francisco—Stock, common
Preferred, 7 per cent, not cumulative
1st preferred, 7 per cent, not cumulative
1st mortgage (South Pacific), gold, (land grant)...
2d mortgage
-
do
do
Trust bonds
St. Louis Wichita & Western
Gen. mort., gold ($30,000,000), coup, or reg
St. Louis Vand alia dt Terre Haute—1st M. s. f.
2d mort., sink, fund ($1,600,000 guar.)
207
207
207
207
^
.
144
85
1S3
135
135
695
695
695
293
84
guar
All
158
158
1864
1,000
1864
1864
186 4
186 4
500 Ac.
1870
1,000
1881
1881
1880
1877
1,000
1,000
500 Ac.
1876
1876
1872
1,000
1,000
7
7
Payable
J.
A J.
A J.
New York.
do
do
do
pal,When Due*
Stocks—Last
Dividend
■Tau.
1, 1915
1, 1915
Jan.
Jan.
Jan.
1, 19.15
1, 1915
4
7
7
7
7
7
10
6
5 g.
7
7
1,357,000
2,600,000
(?)
72,000
N. Y., Office 50 Wall st.
J. A J.
do
do
do
do
A. A O.
F. A A.
do
do
»
do
M. A N.
do
do
do
M. A N.
do
do
M. A S.
do
do
June 1
A. A O. New York or Loudon.
A. A O. New York, Moran Bros.
A. A O. N. Y., Nat, City Bank.
Dec, 27,
1894
1894
1894
1882
1894
1894
1880
Jan. 1, 1894
1921
Oct. 1, 1910
Oct. 1, 1917
.
7 g.
7
7
J.
J.
Jan.
Jan.
A J.
A J.
1, 1906
1, 1906
April 1, 1902
....
....
....
10,000,000
1808
1876
1876
1876
1880
1879
1880
1879
1881
1867
1868
500
100
500
500
Ac.
Ac.
AC.
Ac.
1,000
1,000
1,000
1,000
1,000
1,000
Interest payments, Ac., $35,680.
In July,
reorganized under this title in 1880.
Net earnings
year 1880-1, $51,667. In 1881-82, income. $242,662 gross and $43,166
net, (V. 33, p. 202, 327 ; V. 35, p. 182, 264.)
St. Joseph dt St. Louis—St. Joseph, Mo., to No. Lexington, Mo., 76 miles.
Present company is successor to the St. Louis A St. Joseph Railroad, sold
in foreclosure February 8,1874.
Has no funded or floating debt. The
8t. Louis Kansas City A Northern took a lease of the road for 99 years
July 1,1874. The terms of the lease are au annual payment of $35,000
for five years and then 30 per cent of gross earnings, but $25,000 guar¬
was
Preferred stock, $1,298,500; common stock, $2,550,000.
anteed.
1,900,000
1,200,000
1,000,000
10,500,000
and the Folsom A Placerville railroads, April
and
A J.
2,700,000
1,620,000
1,080,000
1,000
1879, management was transferred to the Detroit Lansing A Northern.
St. Johnsbury dt Lake Champlain.—July, 1882, owned from Lunen¬
burg, Vt., to Maquam Bay, 120 miles. This was the Portland & Ogdensburg, Vermont Division,
A
J.
J.
J.
300,000
1,000
1,000
100 Ac.
19,1877. Capital stock, $1,756,000. Gross earnings, 1880, $132,000;
net earnings, $60,278; 1881, gross, $85,707; net, $35,564. Leland
Stanford, Pres dent, San Francisco.
Saginaw Valley cR St. Louis—From Saginaw to St. Louis, Mich., 35
Road opened January, 1873. Has a tralfic guarantee from
miles.
Michigan Central. Capital stock, $264,804. In 1880, gross earnings
$88,194; net $41,727.
J.
7
Where Payable, and by
Whom.
Bonds—Prinei
375,000
C, .gold...
Equipment mortgage, gold.
Mortgage on Mo. A Western RR., gold
were
7
1,200,000
2,300,000
2,468,400
1,100,000
1,100,000
1,400,000
1,400,000
1,700,000
B, gold
the Sacramento Valley
$1,900,000
100
100
bonds, A
do
do
100 Ac.
1
1,000
sc-
Equipment mortgage
1st mortgage,
1876
1876
....
Outstanding
25
...
(series A) sinking fund..
(series B) sinking fund..
1st mortgage
1st mortgage
1876 1
When
Rate per
Cent.
195
Grand Island, 1st mort—
Alton dt Terre Haute—Stock
1876
112
115
115
2d mortgage
Amount
of
of
I
Road. Bonds ! Value.
112
Tables.
INTEREST OR DIVIDENDS.
Stock, $100,000.
Joseph dt Western— Line of road: East Division—West St. Joseph,
Kan., to Marysville, Kan, 112 miles; West Division—Marysville, Kan.,
to Hastings, Neb., 115 miles; Hastings & Grand Island road, 25 miles ;
total, 252 miles. This is a reorganization of the former St. Joseph A
-Denver City road, which went into the hands of a Receiver in 1874
and was sold in foreclosure in November, 1875.
On the foreclosure
of tbe two divisions two companies were organized, the St. Joseph
& Pacific and the Kansas A Nebraska, with bonds as above. These
were consolidated as fet. Joseph A
Western, the stock is $4,100,000,
par $100. The present bonds have no lien on lands, as the land
grant of 300,000 acres was put in hands of trustees for the benefit of the
holders of the old land scrip of $2,250,000; in June, 1880, a dividend of
12*2 per cent was declared from proceeds of land sales. On the Kansas
A Nebraska bonds the first coupon was due July, 1881. The road is con¬
trolled by the Union Pacific. The coupons on St. Joseph A Pacific bonds
due July, 1880, and since have not been paid. (V. 32, p. 44, 527; V.
St.
4,500,000
7,144,500
500,000
2,766,500
2,400,000
639.000
1,100,000
1,350,000
2,000,000
1,750,000
1,899,000
2,600,000
312
6
6
4-6
4-6
7
6
6
6
5
7
7
g.
g.
g.
g.
g.
g.
A. N. Y., Company’s Office.
do
do
J.
do
do
N.
do
do
N.
do
do
N.
D.
do
do
do
do
A.
do
do
do
do
do
do
I, A J.
r. a j. N. Y., Third Nat. Bank.
do
do
M. A N.
F.
J.
M.
M.
M.
J.
F.
A
A
A
A
A
A
A
....
....
g.
Aug. 1, 1882
July, 1838
Nov.
Nov.
Nov.
June
1. 1906
1, 1906
1906
1. 1895
1.
Aug. 1. 1919
1920
1919
July 1, 1931
Jan. 1, 1897
May 1, 1898
$1,020,000; issued, $72,000. Earnings for 1881, $34,094; net, $5,040.
W. W. Walker, Pres't, Hannibal, Mo.
(V. 35, p. 161.)
St. Louis Keokuk & Northwestern —Dec. 31, 1381, owned from Keokuk,
la., to St. Peters, 135 miles. Leased Keokuk to Mt. Pleasant, 48 miles;
total operated, 183 miles. The Miss. Yal. & Western RR. was sold April
14, 1875, and this company organized July 1, 1875. Road completed in
autumn of 1879.
Income bonds above were originally a part of
$2,750,000 first mortgage bonds, but by agreement they were changed
into their present form. Gross earnings year ending Dec. 31, 1881,
$368,435; gross expenditures, $488,132, including $88,876 for new
work, and $30,821 loss by floods. (V. 33, p. 256.)
St. Louis Salem dt Little Rock — Dec. 31,1881, owned from Cuba, Mo.,
to Salem, Mo., 42 miles, and branches, 10 miles; also 17 miles of branches
controlled; total operated. 69 miles. Reaches St. Louis by St. L. Sc San
F. RR.
Stock is $1,000,000. Earnings for 1881 on 52 miles were $170,575; net, 107,115.
St. Louis dt San Francisco.—Dec. 31, 1881, owned from Pacific to
Seneca (main), 292 miles; branches—Granby branch, 2 miles; Orongo,
Mo., to Joplin, 12 miles; Joplin to Galena, 47 miles; Carbon Branch, 3
miles; Peirce City to Oswego, Kan., 73 miles; total owned, 429 miles;
leased and controlled—Oswego to Wichita, 145 miles; Plymouth to Brent¬
wood, Ark., 88 miles; Seneca to Vinita, I. T., 33 miles; total leased and
controlled, 266 miles; total operated Dec. 31, 1881, 695 miles. This
company was organized Sept. 20, 1876, as successor to the Atlantic &
Pacific RR. Thelatter was chartered by act of Congress July 27.1S66,
and embraced the. South Pacific RR. (originally the Southwest Br. of the
Pacific RR. of Mo)., which was consolidated with the Atlantic & Paeifio
road Oct. 25, 1S70.
The South Paeifio Railroad had a grant of lands
by act of Congress June 10, 1852, of 1,161,205 acres. The Atlantic &
Pacific received about 507,000 acres of land.
The South Pacific lands
showed 520,497 acres on hand January 1,1882. Atlantic & Pacific lands
showed 187,963 acres on baud at same date, and for these lands (A. & P.)
the second mortgage bonds, class B, are receivable in payment.
The
interest on bonds “B” and “C” is 4 for 1882, 5 for 1883 and 6 after¬
ward. The trust bonds of 1880 are secured by deposit of 7 per cent
mortgage bonds of the St. Louis Arkansas Sc Texas RR. and Joplin RR.
$30,000,000 is made to tbe United
and enough reserved to take up all
prior debt. First preferred stock has prior right to 7 per cent (uon35, p. 212.)
eumulative) ; then pref. entitled to 7 per cent; then common entitled
St. Louis Alton dt Terre Haute—Doc. 31,1881, owned from Terre Haute,
to 7; then all classes share in any surplus. The pref. and 1st pref. also
Ind., to East St. Louis, 189 miles; branches, 19 miles; leased lines— by their terms had a precedence of any mortgages made subsequent to
Belleville & Southern Ill. RR., 56miles; Belleville & Eldorado road, from the creation of said stocks.
Du Quoin to Eldorado. 50 miles; total, 314 miles.
On January 31, 1880, an agreement was entered into with the
This company
was a
reorganization, February 18, 1861, of the Terre Haute Alton Atchison Topeka & Santa Fe for construction of a through line to the
Sc St. Louis Railroad. The Belleville & Southern Illinois is leased to this Pacific coast on the parallel from Albuquerque, on the Rio Grande,
to San Francisco.
The road was to cost $25,000,000, and to be known
company for 999 years from Oct. 1, 1866. The main line (St. L. Alton
A Terre Haute) was leased June 1.1867, for 99 years to the Indianapolis as the Atlantic & Pacific Railway. Three trustees—John A. Stewart,
A St. Louis Railroad at a rental of 30 per cent of the gross earnings up of the U. S. Trust Company, Warren Sawyer and H. P. Kidder, of Boston
to $2,000,000, 25 per cent on the next $1,000,000, and 20 per cent on
—were appointed to hold the stock in trust.
The voting power was to be
aH over $3,000,000; but it was agreed that in no year should the rental
vested in six directors of each road. The old companies were to preserve
be less than $450,000. The lease w:is guaranteed by three other com¬ their separate organizations, and the gains of traffic on the extension
panies (See V. 26, p. 614 and 654). The lease was unprofitable and the to be divided in equal proportions. The two companies divided the issue of
solvent guarantors refused to pay more than their one-third of the de¬ bonds ($25,000,000). The road was partially built, when in January,
ficiency, and a suit was begun, in which this company, in July, 1882, 1882, a large interest in the stock was acquired by C. P. Huntington
obtained a decision in its favor against the two solvent companies for and Jay Gould, and this changed the projected plans for extensions,
$221,624 against each. An appeal to the United States Supreme Court and arrangements were made subsequently for building only to tie
was taken.
In 1879-80 the company recovered from the former pur¬ Colorado River to a junction with the Southern Pacific. The income
chasing committee, Messrs. Tilden, Butler, Sage and Bayard, $400,000 account for first half of 1882 was in V. 35, p. 133, showing $210,150
for bonds retained by them at the time of reorganization. The Belleville surplus applicable to dividends, against $352,629 in same time 1881.
Branch and Extension are operated separately by this company, and
The annual report for 1881 (Chronicle, V. 34. p. 313) had the following:
earned net in 1879, $159,359; in 1880, $176,471; in 1881, $159,907.
1881.
1880.
The Bellev. A Eldorado was leased for985 years from July 1,1880, at a
rental of 30 per cent on the gross earnings, hut $15,400 per year guar.
Of the first mortg. bonds $636,000 are held in sinking fund ; of the
equipment bonds $246,000 are owned by the company.
The pre¬
ferred stock has a prior right to a cumulative dividend of 7 percent
before any is declared on common. It is also convertible into com
mon at par; but shall not receive any dividend as common stock for the
time it was held as preferred. In January, 1881, the company declared
3 per cent in cash on the preferred stock and afterward settled the re
maining 55 per cent of accumulated dividends by tlio issu of income
bonds. (V. 32, p. 147, 336, 467 569, 579, 641; V. 34, p. 461, 572; V.
35, p. 79, 162, 297, 405, 658, 737.)
St. Louis cC* Cairo.—Dec. 31, 1881, Cairo A St. Louis owned from
Cairo, III., to East St. Louis, Ill. (3 ft. gauge), 147 miles. Default made
April 1, 1874. Sold in foreclosure July, 1881, and bought iu, iu behalf
or bondholders, for $4,000,000.
New stock, $6,500,000, and new bonds
as above.
Earnings for the year 1881, $424,480; vnet, $64,620. (V.
32, p. 396, 551, 611, 685; v. 33, p. 99; V. 34, p. 147, 366.)
Si. Louis Ft. Seott dt Wichita.—From Fort Scott to Eureka, Kan., 100
miles, opened July, 188 L;
construction is in progress, and to he
completed to El Dorado, 32 miles further, by January 1,1883. Morau
Brothers of N. Y., and other capitalists, largely interested. (V. 35, p.
265.)
St. Louis Hannibal dt Keokuk— May, 1882, owned from Hannibal,
Wab. St. L. Sc Pacific, 85 miles.
Stock, $1,140,000.
Floating liabilities December 31, 1881, $473,068.
Bonds authorized,
Mb., to Gilmore,
on
The general mortgage of 1881 for
States Trust Company as trustee,
$
424.102
665,331
2,180,333
Earnings—
Passenger
Freight
Mail, express, Ac
2,342,610
93,936
152,582
2,698,371
1,617,966
1,192,202
1,542.557
1,192,202
25,598
Net earnings
3,160,523
|1,506,169
Total gross earnings
Total operating expenses
1,542,557
50,648
1,217,800
1,593,205
705,950
101,254
INCOME ACCOUNT.
Net receipts—
Net earnings
Other receipts
Total net income
Disbursements—
157.500
821,402
109,865
315,00 3
105,022
162,57 5
1,069,726
1,406,932
Balance, surplus
148,074
—(V. 33, p. 528; V, 34, p. 62, 99, 116 147, 196, 313;
237, 266, 291, 339, 546, o77.)
V. 35, p. 133,
Interest on debt
Interest accrued,
Dividends
Due leased lines
not due, to Dec. 31
Total disbursements
184.273
Ul
RAILROAD
Subscribers will confer
a
DESCRIPTION.
STOCKS
Amount
Outstanding
1876-09
.
+
m. m m
m
m
m
•
.
....
S.„ guar, by 8. C
Funded int. bonds, S. & C. RR.,
guar, by S. Car...
1st mortgage, Savannah & Charleston
RR
Savannah Florida d West— Consolidated
1st mort.
Southern Georgia & Florida, 1st
mortgage
....
101
ioi
286
58
mortgage
58
60
Savannah Griffin d N.Ala.—1st
mortgage
Schenectady d Duanesburg—1st M., guar. D. & H.
Schuylkill Valley—Stock
Scioto Valley—1st mort. (s. fund
$13,000 per year)
2d mortgage (sinking
fund, $5,000 per year)....
Consol, mortgage
2d consol mortgage (for
$3,750.000)
General consol, mortgage (for
$7,500,000)
,Seaboard d Roanoke—Stock
14^
General mort., gold ($25,000 per
mile).
SKenango d Alleghany— 1st mortgage...
Shore Line
-
Conn.)—Stock
1st mortgage
t
1869
1867
1869
1869
1871
1874
500
100 &c.
500
500 &c.
1,000
1,000
1,000
98
1876
100 &c.
50
500 &c.
98
1879
130
1,000
1880
1882
1,000
19
....
....
m
500 &c.
1881
1,000
500 &c.
1869
1,000
F. & A.
g.
g.
g-
g-
Payable, and by
Whom.
New York.
J.
do
do
J. New York and London.
O.
do
do
N.
New York Agency.
J.
do
do
1st N. Bk., Sandusky, O.
& J. N. Y.. Union Trust Co.
2
....
7
Stocks—Last
Dividend.
N.Y., J.S.Kennedy&Co.
....
J. &
J. &
A. &
M. &
J. &
J.
Jan., 1883
Aug. "i,'1931
Nov. 1, 1882
1892
1909
Oot. 1, 1909
Nov. 1, i910
July 1, 1922
Feb. 1, 1882
July, 1902
.
.
.
6
7
7
7
7
7
7
6
2>a
7
7
7
i
M.
M.
J.
J.
M.
M.
J.
M.
J.
J.
A.
J.
....
&
&
&
&
&
&
&
&
&
&
S.
S.
Charleston, 1st Nat.
Bk.
New York.
do
J.
J.
N.
N. Y., H. B. Plant.
N.
do
do
J. Savannah, Cent. RR.Bk
S. Del. & Hud. Canal
Co.
J.
Philadelphia, Office.
J.
& O.
& J.
N.Y., Winslow, L. & Co.
do
do
do
do
....
Earnings.
$1,052,208
Earnings.
3
7 g.
7 g.
6 g.
7
4
J.
A.
A.
J.
4*2
M.
1,200,000
1,000,000
200,000
1000&C.
heretofore made to
this company by the lessee,
leaving the balance to debit of profit and
loss, October 31, 1881, $91,019.
Loss to lessee in
in 1880-81, $281,080. The annual
1879-80, $19,822,
report for 1880-81 was published
in the Chronicle, V.
34, p. 174. The first
mortgage and $1,000,000
of second mortgage bonds are
guaranteed
by the lessees and
also by the Pitts. Cm. & St. Louis
Railroad and the Col. Chic. & I. C. Co.
TTie stock is $2,383,016 common
and $1,544,700
preferred. The pre¬
ferred was issued for income
bonds ($1,000,000) and for
deficiencies
made up by the lessees.
Thos. D. Messier,
President, Pittsburg, Pa.
Operations and earnings for five years
past were as follows:
Passenger
Frei/?ht (ton)
Gross
Net
Years.
Miles.
5
2,270,000
3,930,000
100
...
1880
year ending October 31, 1881,
was $469,824, and the
year’s charges against this sum
$349,042; leaving a surplus for the fiscal
which was applied to the
year of $120,782,
repayment of advances
Mileage.
50,618,136
58,722,821
86,424,189
96,544,226
5
2
7
7
6
6
6
J
Q.—J. N. Y., Fourth Nat. Bk.
869,450
2,000,000
50
....
the total income
Mileage.
14,827,425
3ifl
1,302,200
1871
1880
were
158
..158
158
158
158
177,000
603.000
(?)
100
.
St. Louis Vandalia d Terre
Haute.—October 31, 1881, owned from
East St. Louis to Indiana State
line,
1870. It is leased to the Terre Haute 158 miles. Road opened July 1,
& Indianapolis Railroad at a
rental
of 30 per cent of gross
earnings. For the
..
576,050
1,294,000
....
Tables.
JC
7
9
AO
*
July, 1897
May 1, 1899
May 1, 1899
July 1, 1891
Sept. 1, 1924
July 15,1882
Jan. 1, 1896
April 1, 1894
July 1. 1910
M. & N.
F. & A.
J.
Balt.,Farm.& Plant.Bk. Nov. 1, 1882
Philadelphia,Treasurer. Aug., 1882
& J.
do
do
& J. N. Y., Clark. Post & M.
& O.
Philadelphia and N. Y.
& O. N.Y.,N.Bk. of
Com’rce.
& J. N. H., Nat. N. H.
Bank.
& 8.
do
do
July, 1901
Jan.
1, 1909
April 1, 1921
1889 & 1907
Jan. 6, 1883
March, 1910
February 13, 1869, to
Central Ohio Railroad, guaranteed
by Baltimore
lease made February
23,1880, extending to December
1,1926, with option to the Balt. & Ohio
of 20 years each.
Company to renew for terms
Rental is $194,350
yearly till
for 1884 and
1885; then $201,850 annually. It 1884; then $199,350
is operated as lake
Erie division of the Baltimore &
Ohio system.
In 1879-80 gross earn¬
ings $847,221; net, $208,853; in
373; in 1881-82, gross, $940,769; 1880-81, gross, $899,751; net, $112,net, $234,701.
San Francisco d North
Pacific.—Dec. 31, 1881, owned from
Donahue,
Cal., to
&
Ohio, and
new
Cloverdale, Cal., 56 miles; branches—from
Fulton, Cal., to
Guemeville, Cal., 16 miles; and San Rafael to
total, 93 miles. This is a consolidation of several Petaluma, 21 miles;
companies. In 1880
gross earnings were $362,179;
net, $157,167. In 1881, gross,
net, $206,220.
$446,972;
Savannah d
Charleston.—Savannah,
miles; Ashley River branches, 4 miles; Ga., to Charleston, 8. C., 104
total, 108 miles.
Charleston & Savannah
Formerly the
Railroad; reorganized in 1876 under present
name, and opened March, 1870.
Defaulted September, 1873, and
then
$207,067
operated by a Receiver. Sold in foreclosure
1,054,627
June 7, 1880, for
158,685 $300,000, and turned over
by C. P. Mitchell, Receiver, to the new com1,244,643
294,272
17,309.919
any, called the Charleston & Savannah
Railroad. Earnings in 1880-1,
1,552,801
446,018
19,161,449
301,570; deficit, $11,310. (V. 35, p, 291.)
1,565,515
188,574
-(V. 32, p. 71, 120, 289; Y. 33, 107,089,535
p. 357 - Y. 34, p. 62, 174.)
Savannah Florida d Western.—Dec.
St. Paul d Duluth.—Line of
31,1881, owned from Sav., Gav to
road, St. Paul, Minn., to Duluth,
Minn., 156 Bainbridge, Ga., 237 miles; branches—extension to Savannah wharves.
miles; branch to Knife Falls, 6
miles; leased: Taylor’s Falls & Lake 2 miles; Junction Branch, 4 miles;
Sup., 20 miles; total, 182 miles. On
Dupont to Live Oak, Fla., 48
Aug. 1, 1882, began to operate the miles; Thomasville to Live Oak, 58 miles;
road from Minneapolis to
total, 349 miles. Also from
White Bear. This was the Lake
to Jacksonville, under
Sup. & Miss RR., Waycross
opened Aug. 1,1870, and leased to the No. Pac.
separate organizations, 75 miles.
Default made Jan. 1,’ 75, This was a consolidation in 1865 of the Savannah
and road sold in foreclosure
Albany & Gulf
May 1,1877, and reorganized June 27th. Railroad and the Atlantic & Gulf under the
The preferred stock is
latter name. The Atlantic
received in payment for lands
at par. Three 6 Gulf road was sold in foreclosure of the second
shares of common stock have
one vote, and each
mortgage on No¬
share of preferred has vember 4, 1879, subject to the consolidated
one vote.
Pref. stock has a
mortgage and other
prior right to 7 per cent from “ income
all sources,
from prior liens amounting to about $2,705,000. The old sectional
including land sales;” then common to receive 6
mort¬
gages yet out amount to about
then remainder of income to be
per
$221,500. The present company has
applied to purchase of pref. stock. cent; been organized with a capital stock of
net income since 1878
The
$2,000,000, and a dividend of
having been spent on improvements in 1881, it 7 per cent was declared out of the
was determined to issue 10
earnings of 1880. The report of
per cent of new preferred stock
to the pre¬ earnings for 1881 gave $1,321,428 gross and
ferred stockholders of record Nov.
$268;822 net. (V. 33, p.
200 ; V. 34, p. 147, 407 ; V.
1,1881, payable Nov.
ent the cash so spent in
35, p. 431.)
improvements. The company has 14, to repres¬
of which about
a land grant,
Savannah Griffin d North
1,276,000 acres remain unsold. In 1880
Alabama.—Oct., 1882, owned from Griffin.
were $668,777; net
gross earnings Ga., to Carrollton, Ga., 63 miles.
earnings, $93,182. In 1881,
Operated in connection with Central
gross, $732,630; net Railroad of Georgia. Capital
income, $117,671. (V. 32, p. 419,
stock, $1,010,900. In 1880-81 gross earn¬
469, 686; V. 33, p. 155, 329, 359, ings $79,113;
386, 491; V. 34, p. 342, 377; V. 35,
net, $14,985; in 1881-82
gross, $81,216; net, $8,130.
p. 162, 204, 658.)
-(V. 33, p. 559; V. 35, p. 574.)
St. Paul
Minneapolis d Manitoba.—June 30, 1882,
Paul to Barnesvillc, 218
owned from 8t.
miles; Sabin to
Schenectady d
toLarimore, 116 miles; Junction to St. Grafton, 127 miles; Glyndon Schenectady, N. Duanesburg.—From Quaker Street Junction, N. Y., to
Y.,
Morris, 159 miles; Morris to Brown’s Vincent, 90 miles; St. Paul to Railroad, and was 14 miles. Formerly Schenectady & Susquehanna
foreclosed in 1873; reorganized and leased
Valley, 47 miles; Donnelly to
Portland, 150 miles; Breckenridge to
in per¬
Barnesville, 30 miles; St. Paul to petuity to the Delaware & Hudson Canal Company. Lease rental,
Clearwater, 62 miles; Ripon to
Hope, 30 miles; St. Cloud branch, 28 $30,000 per year, paying 6 per cent on bonds. Stock, $100,500.
miles; total, 1,057 miles. This
company was organized May 23,1879,
under the charter of the St.
Schuylkill Valley.—Port Carbon
Paul & Pacific
>* «ul Ll Pacific
RR., and embraced the St. 8 miles; total, 19 miles. It is an to Reevesdale, Pa., 11 miles; branches,
RR., the First Division of the St.
old road, and was leased to the Phila¬
Paul & Pacific RR
the Red River Valley RR.. and
delphia & Reading Railroad from September
the Red River & Manitoba
1,1861, at an annual rental
RR. The com¬ of 5 per cent on the stock.
pany took 2,000,000, acres of land
Operations are included in the Philadelphia
as successor to
the roads abovo & Reading reports.
named, which were foreclosed. The
proceeds of
sales are reserved
by the first mortgage trustees as a sinking fund landthe
Scioto Valley— Dec.
for
31,1881, owned from Columbus, O., to Ashland,
the bonds at or under 105
redemption of Ky., 132 miles.
and interest, and in
March, 1882, about take up the first Enough of the consolidated mortgage is reserved to
$700,000 of bonds were called in, the
and second mortgage bonds. In
interest to
The second
Jan., 1882, a vote
mortgage bonds do not cover the land. cease July 1, 1882. was passed to increase stock to
The land sales for
$5,000,000, and make a second consol,
year ending June 30,1882, were
mortg. to expend the line to a point opposite
203,343 acres, for $1,108,312, and the
total cash receipts
Huntington on Ohio River.
In July, 1882, it was voted to
$860,677. The net amount due on
increase the stock to $10,000,000, and
was $1,049,423; lands
land
unsold, 2,458,820 acres. The Dako'^ contracts issue a general consol, mortg., and extend the
txmds are issued at $12,000
road from Columbus to
Extension Fort Wayne, Ind. In
per mile. The
Minneapolis Union RR. is a bonds out. In 1881 addition to above there are $100,000 equipment
connecting road for other roads
from the stock
gross receipts, $498,844; net,
yards at St. Paul to
Minneapolis, and its stock is $1,000,000.
160,511. (V. 33, p.
93,102, 736; V. 34, p. 116; V. 35, p. 104.)
(V. 35, p. 374.)
Annual report for the
year ending June 30,
Seaboard d Roanoke—March,
1882, in V. 35, p. 264.
1881, owned from
INCOME ACCOUNT.
Weldon, N. C., 80 miles. Road opened 1851. ThePortsmouth, Va., to
1880.
company has paid
dividends for a number of years. Of the
1881.
1882.
Receiptsstock, $1,057,100 is common
$
$200,000 is 1st 7 per cent guar., and
Net earnings.
$
$
$44,200 is 2d guar. Owns a con¬
1,533,461
Revenue from Land
1,837,817
3,113,916 trolling interest in the Carolina Central RR. Net earnings 1879-80,
Departm’t 597,672
Other receipts
$236,452;. 1880-81, $232,495; 1881-82, $178,587. (V.
223,832
860,677
33, p. 559.)
4,851
4,600
34,259
Shamokin
Valley d Pottsville.—Line of road, Sunbury, Pa., to Mount
Total income.
Carmel, Pa., 27 miles; branch to Lancaster
2,135,984
2,066,249
Jdisbursements—
4,008,852 miles. The road was leased
Colliery, 2 miles; total, 29
Interest on debt
February 27,1863,
Railway Company, with a guarantee of interestto the Northern Central
947,227
on the bonds and 6
1,109,951
Miscellaneous
1,188,091 cent per annum on the stock. The
per
35.288
Dividends
yearly reports will be found in the
157,812 Chronicle with the
reports of the Northern Central Railroad. Geo. B
Sinking fund
*
975,000 Roberts, President,
597,672
Philadelphia.
223,832
702,864
Total disbursements
Shenandoah Valley.—This road is
completed from Hagerstown, Md.f
1,580,194
to
1,333,783
..
13,092,370
12,974,971
..
..
,
_
.
,
.
.
'*’*
surplus
555,790
Sandusky Mansfield
ark, O., 116 miles.
■
Sept. 1, 1899
Jan. 1. 1889
,
80
29
28
144
144
32
50
50
Shamokin Valley d Pottsville—Stock
1st mortgage, gold, on road and lands
1853
1868
Rate per When Where
Cent.
Payable
4,055,407
1,000,000
20,000,000
366,000
6,500,000
8,000,000
5,676,000
1,500,000
1,073,504
2,300,000
3,750,000
1,000,000
505,000
111,800
500,000
1,780,500
464,000
200,000
500,000
500,000
—
2d
[Vol. XXXV.
INTEREST OR DIVIDENDS.
$5,126,500
....
do
BONDS.
great favor by giving immediate notice of
any error discovered in these
Miles Date Size, or
For explanation of column
headings, <fcc., see notes of
of
Par
on first
page of tables.
Road. Bonds Value.
St. Paul d Duluth— Preferred 7
per cent stock
182
$....
Common stock
182
1st mort. bonds, coup, or
reg
169
1881
1,000
SL Paul Minneapolis d Manilooa—Stock
1,057
100
2d M., and 3 ston road from St. Paul to
Watab
76
1862
1,000
1st mort. land grant
sinking fund, gold
656
1879 100 &c.
2d mort., gold
656
1879
1,000
Dak. Ext., 1st mort., gold
($12,000 per mile)
413
1880
1,000
Minneapolis Un. RK., 1st mort., gold, guar
;
1882
1,000
iie
50
1st mortgage, new
116
1869
1,000
San Francisco d North
Pacific—Stock
93
Savannah d Charleston—Stock
108
C. &
do
AND
3,023,767
985,085
655-707: v-35- 9-23-79732,466
d Newark.—Line of
road, Sandusky, O., to New
A consolidation of
several roads in 1856.
Incased
Waynesboro, Va., 144 miles.
The company proposes to extend south¬
ward from Waynesboro to a
connection with the Norfolk & Western
road.
The general mortgage of 1881 is
at $25,000 per mile to re¬
tire th® prior
mortgages and to construct new road.
The stock ifl
f3,696,200. Frederick J.stock Fobrunrv, IShC.
Kimball is President,
ollar paid
preferred
on
V. 33, p. 48, 357 ; V. 34,
p. 522,
550, 567, 655.)
Philadelphia.
One
(,V. 32, p. 422, 469;
pBCEMBBB,
RAILROAD
1882.]
STOCKS
AND
BONDS
liii
Subscribers will confer a great flavor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
S^rTrnianation of column headings, Ac., see notes
^or 6 ^
on
Sioux
first page of tables.
CUy dk Pacific-1st
Miles Date Size, or
Par
of
of
Road. Bonds Value.
mortgage
(Government subsidy)
somerset- 1st mortgage, gold
Rmith Carolina—Stock
1st mortgage, sterling loan
1st mortgage, aollar bonds (L)
1st consol, mortgage (for $5,000,000)
Income mortgage bonds (net cumulative)
Sod No. Alabama—1st M., endorsed by Alabama.
Sterling mort., s. fund, guar, by L. & N
South Pacific Coast-Stock
SmtA Pennsylvania—1st mortgage, gold
Shem Cent. (N.Y.)—2d M., gold (end. by L.Val.)
Sdmortgage
lat
mortgage interest
bonds
—
vew consol, mortgage (for $3,400,000)
Southern Iowa dk Cedar Rapids—1st mort.,
gold..
Southern Maryland—1st mortgage, gold
Southern Pac. of Arizona—1st mort., gold.cp. or
reg.
South. Pac.(Cal.)—1st mort.,gold,land gr., cp. or reg.
Monterey, 1st mortgage
Southern Pacific of N. Mexico—Mort., coup, or reg..
guarant’d 7 per annum
Southwest Pennsylvania—Stock
Southwestern (Ga.)—Stock,
1st mortgage
Souyten Buy til dk Port Morris—Stook
Slate Line dk Sullivan—1st M., conv. (red’ble
Staten Island—1st mortgage
1868
102
102
25
243
242
242
•
•
•
....
1871
1868
1868
1881
1881
1881
1870
1873
•
242
....
183
183
76
24
114
114
114
87
(W.r.)—1st mort., income, guar.
Stockton <6 Copperopoli8—l8t mort., (guar, by C. P.)
Summit Branch, (Pa.)—Stock
Sterling Mountain
1st mortgage bonds
Sunbury <6 Lewiston—1st mortgage
Suspension Bridge dk Erie Junction—Stock
1st mortgage
Syracuse Chenango dk New York—Funded debt
$500Ac.
1,628,320
3,112.725
803,551
2,536,312
1,000
£200
391,000
4.941,180
815
15
167
321
44
....
1872
1877
1882
1870
450,000
997,632
764.000
625,000
400,000
575,050
(?)
1,500,000
....
1000&C.
210 Ac.
....
....
’79-’80
1,000
’75-’82 500 &c.
1880
1,000
1881
....
100
1878
1873
1881
100 61c.
1875
500 Ac.
1874
1876
7%
45
20
20
1,000
1,000
1,000
50
43^
23
23
43
250,000
....
1,000
....
13
32,483,000
546,150
....
1877
29
9,604,000
4,180,000
5,031,700
1,000
1870
1877
962,000
989,000
200,000
300,000
475,674
500,000
4,010,350
1,000,000
500
500,000
500,000
1,000,000
....
1,000
261.400
50 Ac.
that the average gross earnings per year for twelve years past had been
$1,250,435, and the average net earnings $464,634, being 37i5 p. ct. At
present a little over 40 p. ct. of the earnings are net after fully maintain¬
ing the condition of the property. The present fixed interest charges
on debt are $349,613.
Third mortgage income, 6 per cent, $2,536,312;
interest per year, $152.178; capital stock, $4,195,520 (balance of the
authorized issue is in hands of trustees for cancellation). The company
has in its treasury for improvements new first consolidated mortgage
bonds, $138,000; new second, $526,000; new third income, $463,687.
on hand, $257,251.
Earnings for five years past were as follows:
Net Earn’gs.
Miles.
Gross Earnings.
Years.
243
$426,910
$1,020,664
1877..
243
371,631
1878..
1,011,861
243
1,052,023
337,745
1879..
243
341,962
1,217,756
1880..
500,951
243
1,233,901
1881.
-(V. 32, p. 123, 394, 420, 544, 579; V. 33. p. 125, 589, 623, 736; V. 34,
p. 222, 345, 509 ; V. 35, p. 638.)
South dk North Alabama—June 30,1882, owned from Decatur. Ala., to
Montgomery, Ala., 183 miles, with a branch of 7 miles from Elmore to
Wetumpka. The road is controlled by the Louisville & Nashville RR.
Co., which owns a majority of the stock and the whole of a 2d mort.
bond issue of $2,000,000, due 1910, which are pledged with the Union
Trust Co. as security for the L. A N. bouds, dated June 1,1880. 500,000
acres of land in Alabama, largely mineral, nave been transferred to the
Louisville & Nashville Co. Common stock, $1,461,767; preferred stock,
Cash
'
.
.
.
.
.
S2,000,000. In 1880-1 gross earnings were $1,278,660; net, $251,739;
elicit to Louisville & Nashville Co., $227,318. (V. 35, p. 162.)
from Newark to
Point to Newark,
miles; Felton to Santa Cruz, 6 miles; total, 76 miles. There are no
bonds but unfunded debt of $1,943,930. Gross earnings 1880, $386,469; deficit, $91,023; gross in 1881, $569,968; net, $25,993. A. G.
Davis, President, San Francisco.
25
[Where Payable,.and
Bonds—Prtnol
pal, When Due.
by
Stocks— Last
& J. N. Y. ,Nat. Park Bank.
A J. U.S. Treas., at maturity
& J.
6
6
7 g.
J.
J.
J.
Jan. 1, 1898.
Jan. 1, 1898
5 g.
6
6
6
6
8 g.
6 g.
J.
J.
7 g.
7 g.
7
5
M. & S.
M. & S.
F. A A.
jg.
6 g.
M. A N.
0 g.
6 g.
5
6 g.
3 ifl
4
7
4
7
7
7
5
3
7
7
7
7
7
J.
A.
A.
J.
J.
M.
F.
J.
J.
A
&
A. &
J. &
J.
J.
O.
J.
London.
N. Y., Nat. City Bank.
N. Y„ 76 Wall Street.
do
do
Yearly.
J. A J. N. Y., Drexel, M. A Co.
M. A N. London, Baring Bros.
July, 1891
1882 to 1888
1882 to 1888
Oot. 1, 1920
Jan.
Jan.
Jan.
1, 1931
1. 1931
1, 1890
1903
N. Y., Nat. City Bank.
N. Y., Vermilye A Co
Mar.
Mar.
1. 1000
1, 1882
Aug. 1, 1887
1922
....
& J.
A O.
& O.
A J.
& D.
A 8.
& A.
& J.
A J.
A. A 0.
Feb.
J. & J.
F. A A.
J. & J.
J. A J.
May 1, 1900
New York City.
N.
Y., 23 Broad Street.
do
do
Mar., 1909-10
1905 A1912
April 1, 1900
N. Y„
Company’s Office Jan. 1. 1911
Savannah,Cent.RR. Bk. Dec. 26,1882
Maroh, 1882
Phila. and Greensburg.
Feb., 1917
New York.
N.
Y., Union Trust Co.
N.Y., Company’s Office.
New York.
N. Y., Central Paciflo.
Phila., 233 So. 4th St.
do
do
Jan., 1883
1, 1899
April 1. 1893
July 7, 1895
January. 1905
Jan.
Feb. 16,1878
Jan. 1, 1904
Phila., Guar. T. & D. Co July 1, 1898
Yearly.
....
J. & J N. Y. Lake Erie A West.
F. & A.‘ Syracuse Savings Bank.
July 1, 1900
Aug. 1, 1907
Southern Iowa dk Oed. Rapids.—In progress. Ottumwa to Ced. R., Iowa.
Southern Maryland.—The Southern Maryland Railroad is designed to
extend from Point Lookout, at the mouth of the Potomac River, to
Washington, where it will make connection with the Baltimore A Poto¬
Branch of the Pennsylvania Road, and with the Washington A
Metropolitan Branch of the Baltimore A Ohio Road. The length will be
77 miles. John Van Riswick, President, Washington, D. C.
Southern Pacific of Arizona.—This is the connecting line of the South¬
ern Pacific of California, extending from Yuma to New Mexico boundary,
384 miles. The stock is $19,995,000. Rental for 1883, $622,355.
Southern Pacific of California.—Dee. 31 owned in Northern Division
mac
San Francisco, to Tres Pinos, lOO1^ miles; Canadero Junction to
Soledad, 60*2 miles; and leased line, Castroville Junction to Monterey,
15 miles; total in Northern Division, 176 miles.
Southern Division,
Huron via Goshen to Colorado River, 529 miles; Los Angeles via Wil¬
mington to Sau Pedro, 25 miles; total Southern Division, 553 miles;
total Southern Pacific, in Cal., 730 miles.
At Goshen the Southern
Division meets the San Joaquin Branch of the Central Pacific, by which
it reaches San Francisco and the main line of Central Paciflo.
The pro¬
Soledad to Lerdo Junction, 160 miles, and Mojave Junct.
to Colorado River, 278 miles, and this latter line was to be pushed in
1882 to connect with the Atlantic A Pacific line. (V. 34, p. 179.)
The Southern Pacific, at its terminus at Yuma, connects with the
Southern Pacific Railroad of Arizona, an independent but closely
affiliated company, some 385 miles, to a junction with the New Mexico
jected lines
are
Division of 171
Atchison Topeka
miles
more
to
El
Paso.
A
junction
with the
& Santa Fe, was made March 17, 1881, and a
junction with Texas A Pacific at Sierra Blanca, 91 miles southeast of
El Paso, December 1, 1881. The bonds above are in series A, B, C.
D and E, of which A includes $15,000,000 and B, C, D and E each
$5,000,000; there are also two other series, F of $5,000,000 and G of
$6,000,000; these latter are to be issued for new construction
(See V. 35, p. 706). Land grant is 12,840 acres per mile, and proceeds
of sales go to pay bonds. The total grant is estimated to furnish
10,445,227 acres net. In 1881 the sales were 186,505 acres for $924,101.
Besides these sales a sinking fund of $100,000 per annum goes into
operation in 1882. Stock paid in is $36,763,900. ^The Central Paciflo
Railroad Company has taken a lease of the southern division of this
road for a period of not less than five years from January, 1880, and
by the terms of the lease “ if a railroad is not completed in five years
from that date, so that there is a connection of the Southern Paciflo
Railroad of California with the Eastern system of railroads on what is
known as the thirty-second parallel line, the lease shall be extended
until such connection is made, provided such extension does not exceed
five years longer, or ten years in all,” from January, 1880.
By tho
terms of the lease, the net rental is $250 a month, or $3,000 a year,
per mile, and if it shall be reduced by mutual consent, tho rental shall
be at least sufficient to pay interest on bonds. In 1881 the net income
was $156,947 on Northern Division and $1,650,600 rental on Southern
Division, and $234,000 from contract with Wells. Fargo A Co., making
total income, $2,041,547, out of which was paid $1,719,319 for interest,
leaving a surplus of $322,228.
(V. 33, p. 23, 75, 202, 502, 561, 623,
736; V. 34, p. 178,707; V. 35, p. 79, 103, 291, 339,405, 45 4, 578,706.
Southern Pacific of New Mexico.—Road extends from Arizona State
Line to the Rio Grande at El Paso, Texas, 167 miles. Stock, $6,888,800.
Southwestern(Ga.)—From Macon, Ga.,to Eufaula, 144 miles; has 177
miles of branches, the main one being from Fort Valley to Columbus, 71
miles.
A lease was made Aug. 1,1869, to the Central RR. of Georgia,
which assumes the liabilities and guarantees 7 per cent ou the stock,
but 8 per cent is to be paid if 10 per cent is paid on Central stock.
In June, 1881, $32 per share iu 6 per cent debt certificates was declared
by Central Georgia Railroad.
Southwest Pennsylvania.—Greensburg, Pa., to Fairchanoe, P., 44 miles.
Opened April 1,1873, and leased to Pennsylvania Railroad, which oper¬
ates it at cost, paying net earnings as rental. In 1881 gross earnings
were $710,595 and net earnings, $409,038.
Interest on bonds and 8
per cent on stock were paid out of net earnings of 1881. 4 per cent paid
on
stook, March, 1882
Spuyten Duyvel ct Port Morris.—Road is 6 miles in length and connects
the New York Central A Hudson with the New York A Harlem. Leased
South Pennsylvania Railway dk Mining Company—South Pennsyl¬ to New York Central November 1, 1871. Rental is 8 per cent on capital
vania Junction to Richmond, Pa., 21 miles, with a branch from Rich¬ stock of $989,000. Operations are inoluded in lessee’s returns.
mond to Ore Banks, 2 miles. Leased for 199 years from March 1,1870,
State Line dk Sullivan.—May 1, 1882, owned from Monroeton, Pa., to
to Cumberland Valley Railroad Company. Road originally organized
under the name of Southern Pennsylvania Iron & Railroad Company, Berenice, Pa., 25 miles. Originally organized as Sullivan A Erie Coal &
but was sold by foreclosure of second mortgage December, 1872, and RR. Co., which was sold in foreclosure Oct. 14,1874, and a new company
formed December 2, 1874, under the present name. Stook, $990,000.
reorganized under present name. Capital stock, $800,000.
Southern Central (N. Y.)—Sept. 30,1881, owned from Fairhaven, N.Y., (par $50). The mortgage covers5,000 acres coal lands. In 1881-82 gross
to Pennsylvania State Line, 114 miles. Road forms an extension into earnings were $171,343, and net earnings, $36,428.
Staten Island — Local road on Staten Island, Stapleton to Tottenville,
New York State for Lehigh Valley Railroad, which company endorses
$400,000 of second mortgage bonds. Default was made Feb. 1, 1882, 13 miles. Road was purchased by present owners in 1874, and is
operated in connection with Staten Island Ferry Company. Capital
on Istmort., and the bonds and coupons were exchanged for new consols,
at par. the unguaranteed 2ds also exchanged for new bonds. The Leh. stock, $210,000. Earnings, 1879-80. $291,656; net, $71,383. In 1880-81
Valley to pay the gear, bonds and receivo for such payment the new 5s gross, $304,000; net, $30,000. (V. 34, p. 107.)
Sterling Mountain (N. Y.)—Road runs from Sterlington on the Erie
to a like amount. Capital stook paid in is $1,790,234. In 1879-80, gross
earnings were $455,467; net, $149,237; in 1880 81 gross $526,429; Ry. to Lakeville, about 8 miles. Bonds guar, by Sterling Iron & Rail¬
way Co. Stock, $80,000. Earnings 1830-81, $20,057. (V. 33, p. 359.)
net, $141,141.
(V. 34, p. 178.)
.
Dividend.
Whom.
Payable
4,195,520
1,000
1,000
1,000
Rate per
Cent.
$1,628,000
500 Ac.
100
100
Various
500
Shenango dk Alleghany.—Line of road, Shenango, Pa., to Brady’s Bend,
Pa.,95miles; Nov. 30, 1881, in operation, Shenango to Hilliard, Pa.,
46 miles, and branch, 3 miles. The road was leased to the Atlantic A
Great Western, and “ rental trust ” bonds were issued. The company
made default in 1879, but tht October coupons were paid Feb. 21,1880.
Stock, $200,000. Gross earnings in 1880-81, $140,693 ; net, $38,099.
Shore Line (Conn.)—Line of road, New Haven, Conn., to New London,
Conn., 50 miles. Leased to New York and New Haven Railroad Com¬
pany in perpetuity November 1, 1870, at $100,000 net per annum.
Chartered as New Haven A New London Railroad; sold in foreclosure
and reorganized under present title June 29, 1864. Dividends 3 ^ in
jan. and 4 in July. Operations and earnings for two years past were
as follows: 1879-80, gross, $319,111; net, $154,486; 1880-81, gross,
$416,620; net, $212,981. ( V. 32, p. 559.)
Sioux City dk Pacific.—Jan. 1,1882, owned from Sioux City, la., to
Fremont, Neb., 107 miles; leased—Fremont Elkhorn A Mo. Valley RR.,
255 miles; total line operated, 362 miles. For the year ending Dec. 31,
1881, the gross earnings were $625,635 and net earnings, $32,466. The
capital stock is $2,068,400, of which $169,000 is preferred, receiving a
dividend of 7 per cent per annum.
A majority is owned by Cedar
Rapids & Missouri Railroad Company. Oliver Ames. President, North
Easton, Mass. (V. 32, p. 232; V. 34, p. 679; V. 35, p. 71, 182, 291, 431.)
Somerset.—West Waterville, Me., to Anson, Me., 25 miles. Capital
itock, $377,573. Gross earnings, 1880-81, $26,881; net, $5,728. In
1881-82, gross, $27,792; net, $5,070.
South Carolina— March 31,1882, owned from Charleston to Augusta,
8. C., 137 miles; branches to Columbia, 68 m., and to Camden, 38 m.;
total main line and branches, 243 m. A receiver took possession in Sept.,
1877, at the suit of 2d mortgage bondholders. A plan of reorganiza¬
tion to save foreclosure was made in 1880. In January, 1881, the com¬
mittee made essential modifications of the plan (see V. 32, p. 123). The
sale was made July 28, 1881, and the road purchased by W. H. Brawley for the committee, for $1,275,000 over the first mortgage debt, and
the company was reorganized with stock and bonds as above.
In March, 1882, a circular issued by the company (V. 34, p. 345) said
South Pacific Coast—December 31, 1881, owned
Junction (Felton), Cal.. 45 miles; leased—Alameda
Outstanding
When
1,000,000
6
aft.’88)
Amount
500,000
384
I
INTEREST OR DIVIDENDS
liv
EAILEOAD
Subscribers will confer
a
DESCRIPTION.
x'or
Miles
Date
Size, or
explanation of column headings, Ac., see notes
of
ot
on first
1'?1'
page of tables.
Road. Bonds Value.
Indianapolis—Stock
81
81
81
57
1
Bonds ot 1873
1
Tert'e Haute db Logansport.— Stock
Tcxas db Pacific—Stock
1st mortgage, gold, coup. (E.
Div.)
2d mort., consol., gold,
coup. (E. Div.)
Income and land mort., E. Div..
reg
Dana scrip for int.on inc.mort.(conv.into
_
BONDS.
524
524
st’koiTd)
521
330
266
190
400
400
1st mortgage.
1st mortgage in Mo. and Ark
Income mortgage
Texas Western (N. G.)—1st
mortgage.
54
54
Extension bonds
Toledo Canada Southern db
Detroit—Stock.
Toledo Cincinnati db St. Louis—Stock
1st mortgage, gold
2d mortgage, income, not
cumulative...
Tol. Del. A B., 1st mort., Tol. to Kok
do
2d M., inc., non-cum., T
84
.
.
.
k
55
405
270
270
181
181
Outstanding
When
Cent.
Payable
$2,500,000
$100
600.000
•
•
•
700,000
1,988,150
1,600,000
500,000
500,000
2,145,000
504,000
1,000
50
1,000
1,000
1,000
1,000
1875
1,000
1875
1875
1875
1SS0-1
1880
1S80
1880
1880
1,000
1,000
1881
4
7
1,000
....
.
1,000
1,000
1,000
500
125,000
265,000
1,260.000
1.547,662
50
1881
15,000,000
3,000,000
1,000
1881
1880
1880
500 Ac
1,000
1.000
Copperopolis.— Present company is a consolidation, made
November 17,1877, of the Stockton &
Copperopolis and the Stockton A
Visalia. Line of
3,000.000
J
to
Oakdale, Cal., 32 miles, with a branch
ot 12 miles. Leased to Central
Pacilic Railroad
Company for thirty years
from December 30, 1874.
By the terms of the lease the lessee agrees to
pay principal and interest of the bonds.
Capital stock, $234,500. The
company previously made default July,
1874, and the $1,000,000 of
Old bonds were exchanged for the
present issue guaranteed.
Summit Branch (Pa.)—This
HR. through the Northern Cent. company operated the Lykens Valley
RR. Co., and it has a small
branch of its
own to Summit
Mines, % of a mile. Traffic is almost
exclusively coal.
Gross receipts in 1881, including
coal, $1,107,428 ; net, $121,879 from
;
Lykens Valley Coal Co., $26.277; total,
$148,156; interest and taxes,
$93,084; balance, $55,072. (V. 33, p. 125.)
Suspension Bridge db Eric Junction.—East Buffalo
Junction to Niagara
Falls and Suspension Bridge,
2314 miles. Road opened
It is leased to New York Lake Erie A
January, 1871.
Western
Railroad Co. at 30 per
cent of gross receipts, which are
guaranteed to be not less than $105,000
per annum. Loss to lessees in
1880-81, $17,901. Lessees own all stock
except 297 shares.
'
Syracuse Chenango db Xew Tortfe.—Sept. 30,
1881, owned
Earlville, N. Y., 43^3 miles. The Syracuse A from Syra¬
Chenango
Valley Railroad was sold in foreclosure and a new
March 14, 1873, under the
company organized
name of Syracuse &
Chenango Railroad.
April 15, 1877, road was again sold in
foreclosure and present
company
organized, which also became embarrassed and
passed into the hands of
Mr. James J. Belden,
January, 1879, as Receiver. In January, 1880,
the road was sold to the Boston
Hoosae Tunnel A
litigation ensued. Stock, $500,000 common and West, syndicate, and
$301,000 pref. Earn¬
ings in 1880-81, $90,173; net, $3,915. In
1881-2, gross earnings,
$94,111; deficiency after
charging out interest account, $26,413. (V.
33, p.178, 716, 736.)
Syracuse Binghampton db Xew
Grades, N. Y., to Binghampton, N. York.—Sept. 30, 1881, owned from
Y., 81 miles. Chartered as Syracuse
A Binghampton and
opened Oct. 23, 1854; foreclosed and
reorganized
April 30, 1657, and leased to Delaware
Lackawanna A Western. In
1879-80 gross receipts $869,154; net
$322,335; interest on bonds, $141,400; dividends, $50,100;
1880-81, gross, $1,061,489; net,
terest on bonds, $141,400;
dividend, $440,280. (V. 32, p. $597,915; in¬
579.>
Syracuse Geneva db
Corning.—Sept. 30, 1882, owned from Corning,
N. Y., to Geneva, N. Y.. 57
miles. This road was
opened Dec. 10,1877,
and is leased to the Fall
Brook Coal
Company. Stock is $1,200,000.
In 1880-81 gross
earnings were
377; net, $184,214. In 1881-82 $513,591; operating expenses, $329,gross earnings, $538,943;
954.
net, $42,cuse, N. Y., to
Tehuantepec.—Road
in progress from Gulf of
Mexico to Pacific Ocean
miles
expended. In Aug., 1882, the Mexican finished, and about $1,600,000
charter forfeited, and Govern
anent took
possession; see V.
150 miles.
To
December, 1881, 40
35,
p.
1,250,000
1,250,000
do
do
do
"
N.Y.,Farmers’ L.A T.Co.
-
N.Y.,Farmers L.A T.Co.
do
6 g.
6 g.
6 g.
6
6
6
do
s
*
F. A A.
J. A J.
J. A D.
....
‘6
N.
Y., 54 Exchange PI.
N.Y., Bit.
A J
N.
J.
A
J
j
6
6
1 J.
1
& J
Aug. 1, 1905
l’1905
June
Jan. 1, 1915,
do
ot N. America.
Y„ Anthony, P. A 0.
j
6 g.
July 1,1921
do
July 1,
N.Y.jNat.Bk.of Com’rce June 1, 192(1
1910
June 1, 1920
J.
6 g.
1910
Nov, 1, 1909,
May 1, 1911
N.Y., Mercantile Tr. Co.
F. A A.
M. A N.
7
7
7
Aug.* iV 1882
1893
M. A S. Pliila., N.York
ALondon
J. A D.
do
do
July. New York A Pliilad’phia
.
^ov. 15,1905Mar.
1, 1909
New York.
do
Aug., 1882
June, 1887
get. 1, 1906.
•
J. A J.
F. A A.
■
•
Dividend.
N.Y., D. L. A W. RR. Co.
do
4 stoclts—East
New York
or
London.
New York.
....
-----
Feb.
1, 1922
May 1, 1882'
Nov. 1, 1890
Oct. 1, 1905
Jan.
1, 1921
1921
July 1, 1921
Jan. 1, 1910
Jan. 1, 1910r
Texas db Pacific.— June 30,
1882, operated from Texarkana to
Worth, 253 miles; Texarkana to Fort
Fort
Worth via Sherman, 244
Marshall to Shreveport, 40
miles; total eastern division 537 miles. miles;
Worth to Sierra
Fort
Bianco, 524 miles; Sierra Blanco to El Paso
track), 92 miles; total Rio Grande division, 616
(joint
m.; total of both, 1,153
miles. N. O.
Pac., Shreveport to N. O., 336 miles when
all built. Total
1,489 miles. The eastern division ends
at Fort Worth, and
Grande division begins
Rio
there; the N. O. Pac.
of all,
terminates at Shreveport.
The Texas A Pacific was built
under act or Congress of March
and other acts in 1872 fo
3,1871,
’74, and the laws of Texas. This
ceeded to the right of the
company suc¬
Memphis El Paso & Pacific Railroad and other
companies. By a contract made in
January, 1880, with the Pacific
Railway Improvement
Paso on the Rio Grande, Company, the road was extended towards El
to meet the Southern Pacific
of California, with
$25,000 in bonds and $25,000 in stock
per mile of road. The
Insurance Trust A S. D. Co. of
Fidelity
Philadelphia are Trustees of the Rio
Grande Div. mortgage. The stock
authorized is $50,000,000. A
solidation with New Orleans
con¬
Pacific, share for share, was voted in
1881.
From the State ot Texas' the
May,
company received 10,240 acres
of land per
mile, and by building east of Fort Worth
earned 4,666,845
acres (yet unsold), on wliich
the income bonds are a
niortgage on the road east of Fort Worth. The railroadlien, as also a 3d
lands in Texas,
however, do not lie adjacent to the line of the
roads owning them, and
these are located in part in
counties along the Rio Grande
The R. G. Div. bonds are a
division.
that division, which must mortgage 011 the lauds earned by building
amount to about
5,375,000
acres, not yet
located.
The report for 13 months
V. 35. p. 319, which should ending June 30,1882, was in the Chronicle,
be referred to; the
on the eastern
earnings were
division, and amounted to $3,438,978 gross only made
and
125 net. The total annual
interest charge in 1882-3 will be $809,about
$2,000,000. (V. 33, p. 48,102, 117,
155, 178, 256, 386, 404, 461, 470,
561, 623, 687, 716 ; V. 34, p. 205,
292; Y. 35, p.
52,162, 313, 3 19, 517.)
Texas db St. Lou is—Narrow
gauge road.
miles; branch: Dallas to Mt. Pleasant, 118Texarkana to Gatesville, 305
miles. Connects at Texar¬
kana with the road of the “Texas
A St. Louis
Railway in Ark. A Mo.,M
which is constructing 400 miles
from Bird’s Point,
opposite Cairo, to
Texarkana.
In November, 1882,
648 miles in all were finished.
The Texas Company issues
$10,000 per mile in 1st
mortg. bonds,.
$10,000 incomes and $10,000
stock, and the incomes are a 1st
on the land
mortgage
grant of 10,240 acres per mjle, and a 2d
road.
In Mo. A Ark. the
mortgage on the
company issues $10,000 per mile 1st
and $10,0u0
mortgage
incomes, and has an authorized stock to be
issued of $15,000,000. Land grant is 10,240 acres for
each mile of finished
road,
except on one section of 36 miles, where
only 5,120 acres are received.
Lands in Texas are not on the
line of road. The stock authorized
is
$12,000,000. J. W. Paramoi e. President, St. Louis.
(V. 33, p. 102, 404,
624,716; Y. 34, l». 79, 147, 461,
479,489, 679; V. 35, p. 23, 103,162,182,
229, 313, 431, 457,
487, 603.)
182, 213, 538, and 557. Stock is
Mass. (V. 33, p
t2,000,000. p.Edward Learned, President, Pittsfield,
61; V. 35,
182, 213, 237. 267, 393, 538,
'
Whom.
A J.
-
6 g,6 g.
7
m.
•
J
Payable, and by
N.Y., Farmers’L.&T.Co.
M. A N. N. Y., J. J. Cisco
A Sou.
7
239^500
•
J.
7 g.
7 g.
6 g.
4,000,000
....
& A.
AD.
A O.
A N.
A S.
F. A A.
A. A O.
6
2,500,000
1,620,000
31,947,000
3,755,000
9,445,000
8,784,000
944,290
13,028,000
6,720,000
2,660,000
12,000 p.
F.
J.
A.
M.
M.
•
2,660,000
4,000.000
1,000
Where
7
270,000
1,000
1879
1879
1881
1881
1832
1852
1876
2
7
7
7
5
1,750,000
955,600
•
Tables.
INTEREST OR DIVIDENDS.
Stockton db
road, Stockton
[VOL. XXXV.
Rate per
1,000
1,000
m
1,153
524
Amount
50
1873
116
93
143
34
Tcxas-Mcxican—1st mortgage, gold ($15,000
p. m.).
Tioga ER.—1st mortgage
Consolidated mortgage
1875
1867
1876
1875
3 899
1881
101
Texas Central—1st mortgage, gold
New mortgage, gold (2d on 143
miles)
New Orleans Pacilic,
AND
great favor by giving immediate notice
of any error
discovered in these
Syracuse Bing ham2) ton db X. T.—Stock
2d mortgage (now first)
Consol, mortgage (guar. D. L. &
W.)
Syracuse Geneva db Corning—1st mortgage
2d mortgage
Ttnuantepec Interocean—1st mort. (for $6,000,000)
Terre Haute d!•
*
STOCKS
Texas Western—
Projected from
Houston,
Tex., 900 miles, and under construction. Tex., to Presidio Del Norte,.
557.)
In operation Dee.
Houston to Patterson, 42 miles.
31, 1881,
Terre Haute db Indianapolis.—Oct.
Stock authorized, $3,000,000.
31, 1882, owned from
Land
Ill. State L.. 80 m., with
Ind’napolis to grant 10,240 acres per mile. Fred. D. Grant,
coal branches, 34
m.; total, 101 m. The road was
President, N. Y. City.
opened in 1852 (as Terre Haute A
Tioga—September 30, 1880, owned from
Richmond), and has been one of the
best of Western roads.
Arnot, Pa., to State line New
The company leases and
York, 44 miles; branch,
Haute & Logansport
operates
Pa.,
RR., also the St. Louis Vandalia & Terre the Terre- leased, Elmira State Line Blossburg, State to Morris’Run, Pa., 4 miles^
on joint account with
Railroad,
line New York to N. C. Rail¬
Haute Road
the Pittsb. Cm. & St.
Louis RR., at 30 per cent of way Junction, 7 miles; total, 55 miles. Controlled
gross earnings, but guarantees the
by N. Y. L. E. AWThe stock is $580,900.
first and second mort.
In 1879-80 gross
bonds. Earn
lngs for 1879-80, $1,327,135
earnings were
net earnings,
gross and $446,695 net;
$103,448; in 1880-81, gross, $493,365; $393,766 and
974; net. 277,487.
1880-81, $1,300, F. N. Drake,
President, Corning, N. Y. (V, 35, p. 313.) net, $187,900.
Terre Haute db
Toledo Ann Arbor db Grand
Logansp.—Oct. 31,1881, owned from
Ti'unk.—Dcc. 31,1881, owned from
to Rockville, Ind., 94
Toledo,*
miles; leased, Rockville to Terre Logansport, Ind. O., to So. Lyons, Mich., 61 fniles. A
Total operated, 116 miles.
Haute, 22 miles A Ann Arbor and Toledo Ann
consolidation, Oet., I880, or Toledo
Formerly Logansp. Crawfordsv. &
A. A Northeastern
which was sold in
railroads. Line to bo
Southw., from Toledo to
foreclosure
present name. Leased by Terre Sept. 10, 1879, and reorganized under Canada. Bonds Pontiac, 84 miles, connecting with Grand Trunk of
offered in New York,
Haute & Indianapolis Railroad for
per cent of gross
June, 1881, at $15,000 per mile fa
25 Anthony, Poor &
earnings, and first mortgage bonds
Oliphaut. Stock, $1,900,000.
that company. Rental
guaranteed by $118,672;
Earnings for 18&L
year ending Oct. 31,
net, $15,552. See Chronicle June
1881, $64,649.
Texas Central.—Line of road
18, 1881, p. 651; V. 33*
p. 155.)
from Ross, in McLennan
Texas, 177 miles. Gross
Co., to Albany
earnings on 143 miles in
net, $128,670. Stock,
1880-81, $247,707 T. Toledo Canada Southern db Detroit—Toledo. Ohio, to Detroit
$1,000,000. C. A. Whitney, Pres., N. O.
(G.
Junction), Mich., 55 miles. Road opened
p< 373.)
(V. 35
September 1,1873. Oper¬
ated by Canada
Southern.
The bonus were
Texas-Mexican.—Owns from Corpus
exchanged into Canada
Christi, Tex,, to Laredo on the Rio Southern first mortgage bonds at 70 per cent of face value.
Grande. 165 miles. Charter
(V. 32, j>.
336.)
covers 1,400 miles in all.
trol as the Mexican
Under same con¬
National. W. J. Palmer,
Toledo Cincinnati db St.
President. Land grant, 16
«ections per mile. Stock
Louis.—This is the consolidated line
authorized $12,000,000. (V. 33,
gauge) of the Toledo
(narrow
p. 528.)
Delphos A Burlington and Toledo Cincinnati & St.
Texas <6 Lew Orleans
Louis. Owns from Toledo to
(of 1874).—Houston, Tex., to
Kokomo, Ind., 181 miles; branch,
Blver), 106 miles. In August,
Orange (Sabine
Delphoa
1881, this company acquired the La. A to Dayton and Shanesville hr., 102
Western from
Southeastern Division, 185
Vernullionviile, La., to Orange, Texas, 112 miles miles; Cincinnati Division, 17 miles;miles; RR., 24
In Aug., 1882,
Iron
it was voted to increase the
Louis to Kokomo, 270
miles; line from St.
stock to
miles; total, 779 miles. April,
purpose of acquiring the Sabine A
1882, 465 miles
For each $9,500 in
East Texas road. $5,000,000, for the in operation.
This was a reorga- i-et
cash, subscribers received $10,000 ia
*-874, ot the old Texas A New Orleans
mortgage bonds, $5,000 incomes and
RR. The stock is
$5,000 stock. In November,
;
882, the company needed
funds, and a plan was made in Boston to raise
$800,000 bv subscription of parties
interested, they takiug 8 per cent
b-henture funds as
Y. (V. 33, p.
V. 34, p. 265, 317, security. (See V. 35, p. 658; V. 33, p. 48. 433,718;
75,2l8; V. 35, p. 237.)
366, 379, 461; V. 35, p.
4 ll, 538,
162, 207.313,330,374*
'
577,658.)
December,
RAILROAD
1882. J
STOCKS
AND
BONDS.
Iv
Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables.
DESCRIPTION.
Miles
of
-
\jil
vi
on
of tables.
foledo Gin. & St. Louis—(Continued)—
Tol.Del. A B., let mort., Dayton Division.
do
2d M., Dayton Div., iuc., non-cum
do
1st mort., Tol. terminal trust “ A”
do
1st mort., golci, Southeastern Div
Income bds, Southeast. Div., non-cum
do
Cincinnati Div., 1st mort., gold
do
do
do
income, non-cum
do
Equipment bonds
do
Iron RK., 1st mortgage
do
do
incomes
1879-0
102
102
1880
1880
1880
1881
1881
1831
1881
-
•
•
35
....
bonds (for $1,000,000)
Amount
Par
Value.
Outstanding
$1,000
$1,000,000
1,000
1,000,000
250,000
2,250,000
i;ooo
1.000
500 Ac.
1,820
1,038
1,038
1,038
....
250,000
)
Denver Pacific, 1st mortgage, gold, land grant...
Kans. Pac.,cons. M..,g.(for $30,000,000),ep.or rg.
do
1st M.. g, cp., on 140m. west IV'o. Riv.
1st mort., gold, 140th to 393d mile...
do
do
2d M.(to U.S.Gov.) on 394m.W. Mo.R.
do 1st,394th to 639th m., l.g., 3,000,000 acs
do
1st mort., coup., (Leavenworth Br.)..
Runs. Pac., Income bds, coup., 3d M/on 427 miles
do
1st I’d bds,cp.or rg.,g.,on 2.000,000 acs
Conpon certificates
1.000
500 Ac.
1,000
1,000
....
....
106
....
140
253
394
245
34
....
427
....
....
....
1,384,000
650,000
500,000
1,000,000
159,000
1,342,600
60,854,105
27,229,000
27,236,512
312
7
7
,
100 Ac.
100
....
....
(for $
1,000
1866-9
1,000
1866-9
1,000
1874
1867-9
1,000
1871
£200
1879
1,000
18S2
1,000
1869
1,000
1879
1,000
1865
1,000
1866
1,000
1865-7
1869
1,000
1866
1,000
1866
50 Ac.
250 Ac.
1870
....
6
6
6
6 g.
6
6 g.
6
7
6
6
6
7
7
7
900,000
500.000
500,000
500,000
...
1876
1875
Rate per When Where
Cent.
Paj'able
2,250,000
250,000
1,000
1,000
1878
....
Collateral Trust bonds
„
....
53
63
74
Clearfield—Stock
do
1881
1881
1881
1874
60
.Ulster cfi Delaware—1st mortgage
2<1 mortgage income bonds,
Unton Pacific—Stock.
1st mortgage, gold, on road and equipment
2d. mortgage currency (Government subsidy)
do '
on road (2d on land), sinking fund..
3d
Land grant bonds on 10,514,780 acres
Omaha bridge bds, st’g, (s.f. about $05,000 yrly).
or
1881
Convertible bonds
'Tyrone <6
•
180
fohawanda Talley & Cuba—1st mort
troy dk Boston—Ist mortgage, consolidated
New mortgage
•
1%
6 g.
6
8
7
8 g.
6
13,861,000
5,384,000
1,960,000
5,060,000
(?)
182,000
14,450,005
2,240,000
4,063,000
6,303,000
6,366,000
7
6
6
6
6
6
7
7
7
6 A
1,051,300
52,500
171.142
g.
g.
7
Troy <£ Boston.—September 30, 1881, owned from Troy, N. Y., to Ver¬
Benniugton, 5 miles; total operated, 46 miles. Net earnings in 1880-81,
$182,206; interest, $198,376; rentals. $27,400. Stock, $1,609,000.
-Operations and earnings for five years past were as follows:
Passenger
Miles.
Years.
53
1876-7....
53
1877-8....
53
1878-9....
53
53
..
..
Mileage.
6,660,492
6,492,660
6,112,538
6,191,024
6,246,817
Freight (ton)
Gross
Earnings,
$560,764
Mileage.
16,853,882
23,829,494
30,501,683
28,252,911
24,778,236
560,344
Div’d
Earnings, p. ct.
Net
$276,614
593,896
570,161
271,423
498,719
182,206
April 1,1867, after sale in foreclosure. Road completed in 1872. It
leased to the Pennsylvania Railroad in 1878; rental was $73,500.
J. N. Du Barry, President, Philadelphia, Pa.
„
Ulster <£• Delaware— Sept. §0, 1881, owned from Rondout (Hudson
River), N. Y., to Stamford, N. Y., 74 miles. This was the Rondout A
Oswego in 1876; reorganized May 28, 1872, as New York Kingston &
Syracuse, and again, after foreclosure, May 1,1875, as Ulster & Delaware.
The stock is $1,152,100. In 1880-81 the gross earnings were $237,166;
net earnings $25,619 Thos. Cornell is President, Rondout, N. Y.
Union Pacific Railway.—December 31,1881, mileage was as follows:
Main line—Council Bluffs to Ogden, 1,037 miles; branches—Ogden to
-Junction Central Pacific, 5 miles; Kausas City to Denver, 638 ; Denver
to Cheyenne, 106; Leavenworth to Laurence, 34; total owned, 1,820
miles; controlled—Omaha & Repub. Valley RR., 132 miles; OmahaN. &
Black Hills RR., 84; Colorado Central RR.,328; Echo A Park City RR.
32; Utah A Northern RR., 416; Marysville A Blue Val. RR., 38 ; Car
bondale Branch, 32; J unction City & Fort Kearney, 71; Solomon RR.,
57; Salina & Southwestern. 36; St Joseph & Western, 252; Central
Branch Union Pacific and leased roads, 388; Kansas Central, 150;
Denver A Boulder Valley., 27; Golden Boulder A Car, 6; Oregon
Short Line, 64; Greeley Salt Lake A Pacific, 18 ; Denver South Park &
Pacific. 197; Man. Alma & Bur., 28; Nevada Central, 94; total con¬
trolled, 2,449 miles; total operated and controlled Dec. 31,1881, 4,269
miles.
consolidation, January 24, 1880, of the Union Pacific
Railroad, the Kausas T acific and Denver Pacific, made under authority
•t)f the acts of Congress of July 1, 1862 and July 2,1864. New stock
was issued for the old stock of the three companies, but their bonds
remained unchanged.
(See Chronicle, V. 30, p. 118.)
The company,
under acts of Congress above-named, took a land grant of 12,800 acres
per mile, estimated at a total of 12,083,227 acres, and a subsidy in U. S.
oonds of $27,236,512. The interest and principal of this loan is to
be paid according to the “Thurman Act,” which requires 25 per cent
•of the net earnings, after deducting interest on the first mortgage
bonds, to be piwt annually to the Government as follows: First—
Applied directly to interest account, one-lialf of Government earnings.
Second—To be placed in the sinking fund—the other half of the Govern¬
ment
A J.
New York.
A. A O. New York and London
J.
New York.
A J.
•
N. N.
N.
A.
D.
Payable ^
M. A N. N.
M. A N.i N.
M. A 8.1 N.
J. A J.|N.
....
1, 1910
1, 1910
1, 1921
1, 1921
1901
1.
S.
New York Office.
J. N. Y., Nat. B’k of Com.
S.
do
do
O.
do
QO
A. Phila., 233 South 4th.
J. Rondout, Co.’s Office.
A.
do
do
Q.—J. New York and Boston.
J. A J.
do
do
J. A J. U.S. Treas., at maturity.
M. A 8. New York and Boston.
A. A O.
do
do
A. A O. London. L. Sc S. Fr. Bk.
J. & J. N. Y., Union Trust Co.
A
A
A
A
1, 1910
April 1, 1921
April 1, 1925
Jan.
M. A
J. A
M. A
A. A
F. A
J. A
F. A
M.
M.
F.
J.
April
April
July
April
April
■
•
•
do
do
do
1882
1903
Aug. 15,1882
1906
July 1, 1905
Jan. 1, 1883
1896 to 1899
1896 to 1899
Sept. 1, 1893
1887
April, 1896
July 1, 1908
Loud. A FrankPt.
Bk of Commerce.
Bk. of Commerce
Lond. & Frankf’t.
1
May 1, 1899
May 1, 1919
Aug. 1, 1895
June 1, 1896
1895 to *97
by transportation.
Y.,
Y.,
Y.,
Y.,
1894
••
Y., Bk. of Commerce.
do
do
do
1911
Sept. I, 1931
May 1, 1899
Jan
1, 1896
July 1, 1916
July 1, 1880
1880.
Receipts —
Netearnmgs
1881..
$
11,910,015
1,010,153
£84,249
Other receipts
Total income
Disbursements—
Interest on debt
$ [
11,778,474
1,332.678
13,204,417
Interest and dividends
13,111,162
,
$
Discount, interest, premium, Ac
Di ridends
year’s business
$
5,174.473
114,315
4,819,1£8
(6) 3,045,738
434,000
1,779,811
117,196
(7) 4,076,134
307,000
1,653,359
10,548,337
10,972,817
2,656,080
2,138,335
Balance, surplus
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAS.
1880.
$
Assets--
Railroad, buildings, equipment, &c
Stocks owned, cost
Bonds owned, cost
Advances
Int. on U. S. bonds in excess of sink. fund.
Materials, fuel, &c
Union Pacific bonds and stock owned
Denver Extension sinking fund
Coal lands and mines
Bonds and stocks held in trust
Laud department assets
Total
Liabilities—
Stock..
Funded debt (see Supplement)
United States subsidy bonds
Accrued interest due on subsidy bonds....
Bills payable, and all other dues and ac¬
counts, less cash on hand and sundry
balances
Interest accrued not due
Balance of income account
154,743,629
?-,Q en7
«
5
iy,oo/,bi&
1881.
$ ,
i
156,878,669
*12,755,7f>4
*16,375,055
2,563,360
117,305
1,877,300
3,164,477
349,562
164,046
199,545
106,178
2,185,950
6,384,130
185,165,541
1880.
50,762,300
82,623,114
33,539,512
12,133,976
1,519,835
782,721
3,804.083
t2,195,950
6,074,212
200,477,246
1881.
60,868,500
82,118,133
33,539,512
12,590,388
4,035,078
780,766
6,544,868
was a
earnings; five
per
cent of net earnings, after deducting interest
make 25 per cent of
The annual report
net earnings.
for 1881 was published in V. 34, p. 289 and 376.
The earnings, expenses, income account and balance sheet were as
follows, but the earnings cover only the 1,820 miles of road—the same
in 1880 and 1881:
EARNINGS AND EXPENSES FOR
Earnings—
Passengor—Cash
1880 AND 1881.
1879.
$
1880.
$
4.236,870
Government
169,928
5,171,115
234,010
Freight—Cash
10,572,805
13,406,910
1881.
$
4,922,711
208,860
443,135
1,051,155
1,566,073
469,025
1,312,572
1,831,502
15,075,515
484,013
1,503,599
2.064,119
18,040,266
22,455,134
24,258,817
Maintenance
1,701,536
Yrai. spoliation expenses
3,346,147
1,555,833
1,964,773
1,109,676
4,424,871
2,132,692
433,758
439,908
510,710
473,199
2,179,071
1,700,426
5,185,906
2,482,588
1.394,011
538,341
Government
Company
Mail, express, Ac
Total gross earnings
Operating Expenses—
of way
Renewal of rails
Maintenance of equipment...
Taxes.
<3eneral
Total
185,165,541
200,477,246
1881, amounted to $20,920,430
bonds and $25,835,709 stocks, at their par value, of which the cost In
the balance sheet is $29,130,809. A complete list of these was pub¬
lished in the Chronicle, V. 34, p. 289. The land department reports the
following for 1881:
Not proceeds, Union Pacific land grant 1881
$356,9Iff
Net proceeds Kansas Pacific land grant 1881
313,012
Net proceeds of other lands, lots and income
121,671
Total liabilities
The securities held at close of the year
Total net proceeds for the year
Deduct interest paid on consol, bonds
$791,598
84,000
on
first mortgage bonds; so much of $850,000 as may be necessary to
Leaves not
proceeds
$707,598
The earnings for 1881 are given on 1,820 miles only, and the gross
earnings of that year are stated at $24,258,817; but a note says the
earnings of the Union Pacific system, together with its branch,
lines, for the year 1881 were but little short of $30,000,000. This is thd
sum total of information given in regard to the business over the neV
lines of tlie company. The report says “ the total length of the Union
Pacific Railway and branch lines is 4,270 miles,” so it appears from this
that all this mileage having been open by the end of 1881, and most of it
having been operated during that year, the gross earnings on 2.450
gross
miles were about $5,750,000.
There was a report in September, 1882, that Mr. Dillon said in Chioago
that the Union Pacific stock outstanding was $65,372,155. This was
incorrect, and the true report should have been
that the Union Pacific
stock was $60,854,105 ; the branch lines stocks, $31,256,650; of which
the Union Pacific owns $26,738,600, leaving $4,518,050 of these out¬
standing. This latter amount added to the Union Pacitio stock makes
the total of both outstanding $65,372,155.
•
Of the Union Pacific collateral trust bouds, the first issue was limited to
80 per cent of the following bouds: Omaha & Republican Valley RR.,
„
816,853
(including taxes)...
9,071,429
4638
11,910,015
12,480,3:43
11,778,474
46*96
51*45
10,545,119
8,368,337
Net earnings
Perct. of op. exp. to earu’gs.
J.
Total disbursements
was
Dividend.
New York,
A. A 0.
Stocks—Last
INCOME ACCOUNT.
Due United States on
Tyrone <£ Clearfield.—East Tyrone Pa., to Curwensville, Pa., 44 miles;
branches, 18 miles; total, 63 miles.
This company was organized
This
Whom.
Siuking funds
274,747'
283,519
pal, When Due.
Payable, and by
....
g.
g.
g.
g.
Tonawanda Talley & Cuba.— Attica, N. Y. to Cuba, N. Y., 60 miles.
mont State line, 35 miles; leased: Southern Vermont 6 miles; Troy A
A. A O.
....
100,000
....
Stock $600,000. Securities listed at N. Y. Stock Exchange December,
1882. Of the above bonds $130,000 are reserved to redeem a prior
issue. R. G. Taylor, Buffalo, N. Y., President.
(Y. 35, p. 706.)
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size,
of
Road. Bonds
3
vviumu
first page
Date
•
_
$850,000; Colorado Central Railroad bonds, $2,526,000; Utah Northern
Railroad, about $3,480,000; total, $6,856,000.
The collateral trust
bonds arC a direct obligation of the Union Pacific Company, and have as
pledged with
their security the first mortgage bonds of the roads named
the trustees. The excess of interest collected on hypothecated bonds—
say $22,000 per year—forms a sinking fund to reduce the
The Kansas Pacific extended from Kansas City, Mo., to Deuver. Cpl..
639 miles, with Leavenworth Branch, Lawrence to Leavenworth, 34
miles. It was organized as “ Leavenworth Pawnee & Western' m
principal.
1861
Ivi
RAILROAD STOCKS AND BONDS
Subscribers will confer
a
DESCRIPTION.
Miles
Date
Size, or
For explanation of column
headings, Ac., see notes
of
of
Par
on first page of tables.
Road. Bonds Value.
United N. J. RR. <t Canal
Companies—Stock
430
$100
General mortg., gold and
currency, coup
1871
1,000
Umtea Co.’s mortgage, sinking
fund, registered.,
1871
do
sterling loan mortgage, sinking fund
1871
do
do
do
do
do
1871
do
dollar loan, mortgage
1871
do
gold loan, reg
1878
Joint Co.’s plain bonds
1853
do
do
1854
do
consol, mort. (sink’g fund after
1862
N. J. RR. A T. Co., 3d loan due State of N. 1880)
J
1868
Utah Central—Stock
280
100
1st mortgage, gold
36i« 1870
.1,000
Utah Southern, 1st
mortgage, coupon
75
1871
1,000
do
general mortgage (for $1,950,000)
105
1879
1,000
Utah South. Exten., 1st M., Juab to Frisco
138
1879
1,000
Utah <t Nevada—Stock
37
Utah <t Northern— 1st
mortgage
415
1878
1,000
Utah it Pleasant Valley—1st
mortgage, gold
62
1879
1,000
Utica <t Black River— Stock
180
100
Mortgage bonds
87
1871
Black River A Morristown, 1st
mortgage
36
1874 500 Ac.
Clayton A Theresa, 1st mortgage
16
Utica Chenango <t Susquehanna
Valley—Stock
98
100
Utica Clinton dt Binghamton—1st
31 ’66-’72 500 Ac.
mortgage
Utica Ithaca <t Elmira—1st
mortgage, gold
1880
Valley (N. Y.)- Stock
12
....
....
.
....
.
.
.
.
....
....
....
....
•
....
•
•
Amount
Outstanding
841,000
....
1,700,000
....
866,000
....
....
....
....
....
16879.
Vermont <t Canada—Stock
Bonds, guaranteed hy Vermont Central
Mortgage bonds
MJssisqiioi Railroad bonds
Vermont Central— 1st mortgage, consolidated
2d mortgage, consolidated
Equipment loans
....
....
....
....
.
....
26
65
....
73
....
....
....
.
-
.
1879
1881
....
....
....
1,000
....
1871
500 Ac.
1879
1871 500 Ac.
1866
100 Ac.
1866
100 Ac.
1866-9 500 Ac. l
then changed to “Union
Pacific, Eastern
Kansas Pacific” on March 3,1869. TheDivision,” June 6,1863, and to
Pacific Railroad acts of 1862
and 1864 applied to this
road, and gave it a subsidy of $6,303,000 and a
land grant of about 6,000,000 acres.
The lands mortgaged were nut in
two trusts, 2,000,000 acres in the
first, from the first to the 380tn mile
westward, - covered by the first and second land
mortgages, and
8,000,000 acres in the second grant, from the 380th mile
westward, are
covered by the Denver Division
mortgage. The outstanding bonds of
Kansas Pacific above are
given less the amounts of each class held
the trustees of the general
by
mortgage. The second land grant mortgage,
with various other bonds, was taken
up with the general consolidated
mortgage of May 1,1879, which covers road and
lands; the trustees ot
that mortgage are Jay Gould and Russell
Sage, and they held in trust on
Jan. 1, 1882, the following bonds oi
the Kansas Pacific,
making $10,831.686 in all, viz.: Leavenwortn
Branch, $500,000; first land grant,
$1,428 ,250; second land
u
5,000,000
100,000
....
....
Rate per When Where
Cent.
Payable
5,669,000
2,000,000
1,846,000
1,800,000
154,000
....
Tables.
INTEREST OR DIVIDENDS.
$21,090,400
1879-20.
•
....
Valley (Ohio)—Mortgage for $4,000,000
Valley (Va.)—1st mortgage
rV0L. XXXV.
great favor by giving immediate notice
of any error discovered
In tbese
4,225,000
1,000,000
1,000,000
950,000
1,950,000
2%
900,000
1,772,000
1,112.000
500,000
200,000
4,000.000
790,000
600,000
750,000
1,600,000
206,000
3,000,000
1,500,000
50,000
500,000
3,000,000
1,500,000
1,500,000
M.
A.
M.
M.
6
6 g.
6 g.
6
6 g.
6
6
6
6
1*2
6 g.
7
7
7
555,860
4,986,000
Q.—J.
6 g.
7
7
2
7
7
7
3
6 A 7
5
•
F.
M.
F.
J.
M.
7
8
S.
O.
8.
8.
Whom.
M.
M.
J.
J.
J.
M.
J.
J.
A
A
A
A
A
A
A
A
A
A.
1
London.
do
Philadelphia.
J. New York,195
Br’dway.
N.
New York Office.
S.
Utica.
J. N.Y., Nat.Bk.of Com’ce.
J.
do
do
J.
do
do
N. N. Y., D. L. A W. RR.
J. N. Y., Cont. Nat. Bank.
J.
N. Y., D. L. AW.
D.
O.
Balt, and New York.
D. Boston, E. Blake A
Co.
J. Boston,Nat.Bk.of
Redm
O.
J. St. Albans, W. C. Smith.
N. Boston,Nat.Bk of Redm
D.
do
do
N.
do
do
....
J.
A.
J.
J.
A.
J.
M.
J.
M.
A
A
A
A
A
A
A
A
A
toclcs—Last
Phila. and N. Y. Offices.
Jan. 10, 1883
Philadelphia, Office.
Mch. 1, 1901
do
do
Oct.
....
J.
pal,When Due
S
Dividend.
8.
do
A.
Philadelphia Office.
D.
Princeton, N. J.
N.
Philadelphia Office.
A.
O. N. Y., B’k of
Commerce.
New York, Office.
Q.-J.
J. A J.
Kountze Bros., N. Y.
J. A J.
do
do
do
do
J. A J.
do
do
4
7
6
4
8
5
7
7
A
A
A
A
A
A
A
A
A
A
Bonds—Prinok
Payable, and by
1894
Mch. 1 I894
Mch. 1 I894
Feb. 1, 1888
Sept. 1, 1908
Feb. 1, 1883
Jan. 1' 1889
Nov. 1 1889
Overdue.
(?) 1882
Jau. 1, 1890
July 1, 1891
July 1, 1909
July 1, 1909
July
1, 1908
1904
Sept. 30,1882
July, 1891
Jan. 1, 1894
Nov. 1, 1882
1886 A 1890
Jan. 1, 1911
1882
1906
Oot. 1, 1921
June 1, 1872
July 1, 1891
Oot., 1909
Jau. 1, 1891
Nov. 1. 1886
1891
1876 to 1889
1880. Road sold in foreclosure June
12,1882, to Denver & Rio Grande
West. RR., which extended it to
Salt Lake City, 50 miles.
(V. 34, p. 688.)
Utica <t Black River.—Sept.
30, 1882, owned from Utica, N.
Y., to
Philadelphia, N. Y., 87 miles; leased lines to
Ogdensburg, to Sackett’s Harbor and to Clayton, Morristown, N. Y., to
93 miles in all; total
operated, 180 miles. The company has
paid ite rentals and moderate
dividends for a number of
years.
The general account,
September
30,1882, was as follows, oonaensed:
Liabilities.
Stock
Bonds
$1,772,000
Sundry accounts
Surplus fund
1,112,000
55,820
423,624
Assets.
Road and equipment...
8undry accounts
LeB’dline8,stks,bd8, Ac.
Cash
$2,983,005
3,122
258,415
118,902
grant, 1,499,000; income (unsubordinated)
bonds. $187,650; -income
Total
$3,363,444
(subordinated) bonds, $3,036,400; Leaven¬
Total
worth Branch, coupon
$3,363,444
Income Account:
certificates, $56,980; first land grant, coupon
Net income, all sources
certificates, $243.851; second land grant, coupon certificates,
Eastern Division coupon
$160,020;
$346,344
certificates, $297,240; Middle Division coupon Interest
certificates, $538,230; Denver Extension coupon
$81,340
certificates, $877,065; Rentals
Denver Pacific bonds,
73,057
$2,002,000.
Dividend, 5 per cent
stocks and $2,143,000 of the bonds ofThey also held $2,875,800 of the
88,600- 242,997
other companies controlled
Balance, surplus
Union Pacflc. In
by the
funding other bonds into the consol, mortgage, the old Add surplus,
$103,346
Kansas Pacific securities were
Sept. 30,1881
exchanged at par, except as follows:
320,277
The “funding mortgage” bonds
Surplus, Sept. 30,1881
received nothing for 5 over-due
$423,624
coupons; Leavenwortn branch and
unstamped incomes at 50 per cent The surplus is chiefly represented
and nothing for over-due
by advances to leased lines. The
interest; stamped incomes at 30 per cent; Ogdensburg extension is
second land grant at 50
doing well, and promises to be a good invest¬
per cent. The interest on Denver
Extension ment. Operations and earnings for three
bonds (sevens due May
1,1899) was reduced to 6 per cent.
years past were as follows:
The Denver Pacific—Denver to
Passenger Freight (ton> Gross
Cheyenne, 106 miles—was built under Years.
Net
Div.
the charter of the Union
Miles
Pacific, E. D. (Kansas Pacific), and
Mileage.
Mileage.
Earnings. Earnings, p. ct.
opened
180
January 1,1871. The Denver & Boulder Valley was
5,836,600
9,204,785 $590,760 $315,771
opened under a 99
4
year lease from 1873. The
180
7,377,199 12,918,373
company made default, and a receiver was
693,170
4
246,780
appointed April 4,1878. The stock of
180
8.599,023 15,224,870
$4,000,000 went into this consoli¬
766,463
dation January 1880, and the
5
323,011
—(V. 32, p. 205 ; V. 34, p. 113.)
bonds are retired with the consolidated
mortgage of the Kansas Pacific. (V. 32, p. 92,
Utica Chenango <t
660,687; V. 33, p. 12, 46,93, 126,359, 470, 123,232, 285, 412, 600,
Susqxiehanna Valley.—Sept.
491, 624,642.736; V. Utica, N. Y., to Green, N. Y., 76 miles; branch to 30, 1881, owned from
34, p. 116,178, 289, 291, 292, 317, 376,
Richfield Springs, 22
435, 461, 625, 655; V. 35. p. miles; total, 98 miles. Road
71, 133, 182, 205, 266, 267, 291,
308, 313, 360, 431, 456, 487, 546, 578, Lackawanna & Western at 6 opened October, 1872. Leased to Delaware
657, 708.)
per cent on stock. Has
<<
.
..
..
Gross earnings, 1879-80,
$544,616; net
payments, $240,000.
Gross
no
bonded debt.
earnings, $261,873; dividend
earnings, 1880-81, $721,882; net, $317,-
United New Jersey JRR. <t Canal
Companies.—Lines of road. New York 478; dividends. $240,000.
to Philadelphia and
branches, 125
225 miles; Trenton to Manunkamiles; Camden to Amboy and branches,
Utica Clinton <t
Chunk and branches, 89 miles:
total
Binghamton—Sept. 30,1881, owned from Utica, N.Y.,
operated, 430 miles. Delaware A Raritan
Canal, 66 miles. The United to Smith’s Valley, N. Y., 31 miles. Opened June
New Jersey Railroad A Canal
22,1872, and leased to
Companies were leased in May, 1871, to the New York A Oswego Midland Railroad. The lease
was transferred to
Pennsylvania Railroad for 999 years, at a rental of 10
the Delaware A Hudson Canal
per cent on the
Co., which pays the rental of $75,000 per
stock, besides interest on bonds. The smaller
leased roads were taken annum. The road is operated by the Delaware
with their several contracts.
Lackawanna A Western.
The Belvidere
Gross earnings in
Pennsylvania Railroad March 7,1876, and Delaware was leased to the, 1880-81, $123,409 ; 1879-80, $82,553; net earnings, $30,727. Gross in
since January 1,1877, has
net. $58,003. Capital
been operated as the Belvidere
stock, $636,285. Isaac May¬
Division of United New
Jersey Railroad nard, President, Utica, N. Y.
system. The net earnings are paid over to
the lessors in full as rental.
The lease has not been profitable
Utica Ithaca <t
in cash
Elmira.—Sept. 30,1881, owned from Elmira, N. Y„ to
receipts to the Pennsylvania
Railroad, and the net loss in 1879 was
$939,889, and in 1880 $1,035,- Cortland, N. Y., 71 miles; leased, Elmira to Horseheads, 5 miles; total
308, and $302,864 in 1881; but the
operated, 76 miles. This company was
connection
organized May 11, 1878, as
dispensable. Operations and earnings for five with New York was in¬ successor .of the U. I. & E. RR.
Co., which was foreclosed April 30,
years past (including the 1878. Stock
canal) were as follows:
is $2,000,000, Gross
$20,968. Geo. Jas. Rice, President, earnings 1880-81, $142,989; net,
Horseheads, N. Y.
Passenger Freight (ton)
Gross
Net
Years. Miles
Div.
Valley (N. Y.) Railroad.—Sept. 30, 1881, owned from
Mileage.
Mileage.
Earnings.
Earnings.
Binghamton,
373 143,132,968
256,134,099 $8,960,697 $2,694,480 p. ct. N. Y., to State line of Pennsylvania. 12 miles. Opened October, 1871.
10 Leased to Delaware
373 139,245,413
Lackawanna & Western. Gross
255,027,095
8,398,534
2,895,592
10
373 146,914,158
earnings in 1879-80,
332,298,977
9,784,843
3,283,981
1*880
:o
gross, $330,841; net,
187,744. Dividends paid, $60,000. Samuel
171,055,377 381,885,409 11,544,681
3,329.473
1C
1881
Sloan, President, New
York City. (V. 32,
197,366,974 480,995,398 13,022,864
p. 92.)
—(V. 34, p. 288.)
4,211,5*0
10
Valley (Ohio).—Dec. 31,1881, owned from
Cleveland, O., to Canton,
Utah Central.—Dec. 31,
O., 59 miles, and 5 miles of branches. Total
1881. owned from
Ogden, Utah, to Frisco, 280
miles. This was a consolidation
projected, 130 miles. Earn¬
July 1, 1881, of the Utah Central, Utah ings in 1881, $275,673; net, $116,798. Stock, $763,253. (V. 33, p.
Southern ana Utah Southern
247; V. 3.4, p. 605; V. 35, p. 707.)
Extension. Stock placed on Is’ew
Stock Exchange Dec., 1881.
York
Valley (Fad—Sept. 30, 1882, owned from
1882, in V. 34, p. 509. Sidney Earnings from July 1, 1881, to April 1,
Dillon, President. (V. 33, p. 687; V.
Harrisonburg to Staunton,
p. 509 ; V. 35, p. 162, 229.)
34, Va., 26 miles, in operation, and being extended to
Lexington, 36 miles
further. Operated by Baltimore &
Ohio. Earnings, 1881-82.
Utah & Nevada—Dec.
$56,772;
net, $13,412. Of the 1st mort. for
31, 1881, owned from Salt Lake
$1,000,000, there were delivTerminus U. T., 37 miles. The Utah
City, U. T., to e;ed to the B. A O.
Western made default
$.01,000, and the balance remain unissued. (V. 32,
1878, and the road was held
January 1, p. 687 ; V. 33, p. 178, 562; V.
by trustees for the bondholders, and
34, p. 577; V. 35, p. 603.)
foreclosed Nov. 3, 1880, and this
was
company organized. (V. 32, p. 356.)
Vermont & Canada.—Essex
Junction, Vt., to Rouse’s Point, Vt.. 47
Utah <t Northern.—in
miles; branches—Essex,
progress from Ogden, Utah,
Burlington, Vt., 8 miles; Swan ton, Vt.,
Territory. Ogden to Butte, Mon., 415 miles built to north into Idaho to Canada line, 10 miles: Vt., to65 miles.
total,
Jan. 1, 1882. The
This road
road was sold in
foreclosure March 28, 1878. Transferred
inextricably with the Vermont Central, by which has been mixed up
to present
it
company May 1, 1878. Stock
operated, and the bonds of 1871 were guaranteed was leased and
$4,986,000. The road is
and built by the Union
by the Vermont
In 1879 the stockholders
Pacific. For the year 1880 the mainly owned Central.
voted an issue of $500,000 new
were $1,016,060;
gross earnings
bonds to take up those
net, $552,416; 1881,
guaranteed bonds. The proposed settlement with
gross, $1,359,5d3; net, $602,619.
—(V. 33, p. 93, 346; V. 35, p.
Vermont Central in V. 35,
431.)
j>. 625.
F. A. Brooks,
President, Boston,
Mass. (V. 33, p. 610 ; V.
Utah <6 Pleasant
35, p. 457, 625.)
Valley— Line of road Provo, Utah, to
Pleasant Val
ley, Utah, 60 miles. Road opened in 1879.
Vermont Central (or Central
Bonds sold in New York m
Vermont).—Windsor, Vt., to Burlington,
Vt., 120 miles; branches and leased lines. 299
miles, included in the re-
t284,641; net earnings,
$167,121. In 1880-81,
Decbmbeb,
KAILROAD
1882. J
STOCKS
AND
BONDS.
Subscribers will confer a great favor by giving immediate notice of
DESCRIPTION.
vnr
ro
explanation of column headings, Ac., see notes
on first page of tables.
Vermont
Miles Date
of
of
Road. Bonds.
Central—( Continued)—
fltanstead, S. & Chambly bonds
Income and extension bonds (to pay float’g debt).
....
59
77
Vermont A Massachusetts—Stock
1st
mortgage (sinking fund $7,000 per year)
Convertible bonds
24
140
140
140
354
Vermont Valley of ’71—1st mortgage
Vicksburg A Meridian—1st mortgage
2d mortgage
3d mortgage, income (not cumulative)
1867
1872
....
1865
1872
1880
1881
1881
1881
Size,
or
54
Virginia A TruckeeStoek (for $6,000,000)
1st mortgage bonds (payable $100,000 a year).
Wabash St. Louis A Pacific-Stock, common
Preferred stock, 7 per cent, (not cumulative)
General mortgage, gold (for $50,000,000)
1st more, bonds on Champaign Hav. A West
1st pref., convertible
54
.
3,348
3,348
All.
131
Indianapolis Peru A Chio.. 1st mortgage
131
262
270
112
87
74
Hav. Rantoul A East. 1st mortgage
1st mort., gold, Iowa Division
75
143
Wabash, 1st mort. (Toledo & Illinois)
1st mort. (Lake Erie, Wab. & St. L.)
do
do
1st mort. (Great Western of 1859)
1st mort. (Quincy A Toledo!
do
75
167
i80
33
do
1st mort. bonds on Chicago & 8trawn
1st mort., gold, on Cairo Division
1st mort., gold, Detroit Division
1st mort., gold, Indianapolis Division
Par
Value.
Outstanding
$100Ac.
....
1874
m
m
mm
....
1880
1880
1879
1880
1881
1881
1881
100
100 Ao.
1,000
1,000
....
1,000
599,958
1,898,895
1,062,545
921,820
1,773,828
1,310,000
3,503,000
(1)
700,000
26,921,500
23,033,200
17,000,000
1,210.000
340,900
4,500,000
3,857,000
2,052,000
2,000,000
275,000
300,000
2,300,000
900,000
1,000
J.
A
M.
M.
M.
M.
M.
M.
J.
2,496,000
1.000
A
A
A
A
2.500.000
1,000
J.
M.
A.
J.
6
6
5 A 6
3-4-5
5
4 A 5
6
1
800,000
1,000,000
1,000,090
1,920,000
6,000,000
....
500.000
....
....
....
....
....
1,000
....
1,000
100
100
1.000
1,000
100 Ac.
1,000
1,000
1,000
1,000
1,000
1.000
chartered October 31, 1843, and the road opened to Burlington
December 31, 1849.
August 24, 1849, it leased the Vermont &
Canada Railroad, tnen under construction, agreeing to pay an annual
rental of 8 per ce it on its cost, and creating a mortgage on their own
road as security for such payment. This lease has been the subject of
almost continual litigation since 1854. The Vermont Central Railroad
Company having defaulted on its interest and rental, the trustees under
the lease took posiession of the road June 28,1852, and it has ever
since been operated by them under direction of the court.
On the first
of January, 1871, a lease was taken of the Rutland Railroad and its
leased line, the Addison Railroad, the lessees agreeing to pay $376,000
per year, and in ad lition $40,500 a year for four years; $67,500 for two
years; $81,000 per year for six years, and $94,500 per year thereafter
This contract was modified February 25,1876, as hereafter stated. In
September, 1861, a lease was also taken of the Sullivan County Rail¬
road of New Hampshire, at an annual rental of $25,000, but subse¬
quently modified so that the rental depends on earnings. About 1867
the managers of the Vermont Central Railroad purchased the Stanstead
Shefford A Chambly Railroad, extending from St. Johns, P. Q., 43 miles,
Waterloo., P. Q., paying therefor $500,000 in bonds.
7
8
3
6
7
5
6
3 to 6
7
150.000
....
1881
1853
1853
1863
1865
They also took a
lease of the Missisquoi Railroad. The road from Canada Line to St.
Johns is also operated by this company, and is practically a portion of
it, though chartered by the Provincial Parliament under the title of Mon¬
treal & Vermont Junction Railroad Co. The Vermont A Canada Rail¬
road extends from Essex Junotion to Rouse’s Point, with branches from
Essex to Burlington, and from Swanton to Canada line, in all 65 miles.
The 47 miles from Essex Junction to Rouse’s Point are included in the
mileage of the Central* Vermont RR.” The road is managed by a board
of trustees appointed by the Chancery Court of Vermont. J. Gregory
Smith is President. In the two years, 1876-78, the gross earnings were
$4,076,702, and net earnings, $1,461.139; 1879-80, gross. $4,320,978;
net, $1,220,025. The .foreclosure suit has been pending a long time on
the second mortgage. The proposed settlement with the Vermont A
Canada is given at length in V. 35, i*. 625. (V. 33 p. 610; V. 35, p. 188,
625.)
discovered in these Tables.
Rate per When
Cent.
Payable
$444,100
1,508,600
3,050,000
550,000
1,000
turns of the Vt. Cen. Co. Other leased lines, New London & Northern,
100 miles; Brattleboro A Whitehall, 36 miles. This company has been
through more complicated and vexatious litigation than any railroad in
New England. Poor's Railroad Manual ot 1879 gives the following
account of it: “ This company (Central Vermont) was chartered under
its present title, Nov. 2, 1872. The Vermont Central Railroad Co. was
to
Amount
Too
1881
1881
1881
1881
1881
1881
1882
2d series
do
3d series
do
4th series
do
5 th series
do
6th series
do
Income bonds, cumulative
any error
INTEREST OR DIVIDENDS.
881
Virginia Midland Stock.
Bonds, 1st series
lvii
10
A. A
A. A
M. A
S.
8.
8.
S.
Baltimore.
do
do
do
do
A S.
A S.
do
A J. New York or Alexand’a.
-
-
^
Oct.
1, 1910
April 1, 1921
May 1, 1921
June 1, 1921
Mar. 1, 1906
Mar. 1, 1911
Mar. 1, 1916
Mar.
Mar.
1, 1921
1, 1926
1, 1931
Jan.
1. 1927
Mar.
-
Q.—F.
6
7
5
5 g.
9 g.
and Gordonsville,
July 1, 1883
July 1. 1885
Monthly.
Q.-F. San Fran., Bank of Cal. Aug. 1, 1889
J.
J. A D.
J. A J.
J. A J.
J. A J.
J. A J.
J. A D.
7
6 g.
7
7
7
7
Jan. 1, 1887
1902
Oct. 7. 1882
M’nthly
6 g.
?g-
Dividend.
....
....
l*fl
Whom.
J. St. Albans, Treasurer.
N. Bost., N.Bk. of Redemp.
O.
Boston, Office.
J. Boston, Fitchburg RR.
do
do
J.
O. Bost., 8afeDep. A Tr.Co
O. New York, Plock A Co.
N.
A
A
A
A
Bonds—Princi¬
pal,When Due.
Where Payable, and by
Stocks—Last
A D.
N. Y., Co.’s Agenoy.
do
do
do
do
N. Y., F. Loan A Tr. Co,
N. Y., Co.’s Agenoy.
do
do
do
do
do
do
J. A J. N. Y., Metrop. Nat. Bk.
do
M. A S.
do
F. A A.
do
do
F. A A.
do
do
F. A A. N.Y.,Nat Bkof Com’rce
M. A N.
do
do
Nov. 15,1881
June 1, 1920
Deo., 1910
July 1, 1909
July 1. 1910
Oct. 1, 1931
July 1, 1921
Jan. 1, 1921
1897
Mar. 1, 1921
Aug. 1, 1890
Aug. 1, 1890
Aug.. 1888
Nov. 1. 1890
including lease of Charlottesville A Rapidan Railroad
aud the Warrenton Branch; the second series is a second lien between
Alexandria and Gordonsville, including Warrenton Branoh and lease of
Chailottesville & Rapidan RR., and a first lien between Charlottesville
and Lynchburg; the third series is a third lien between Alexandria and
Gordonsville. including Warrenton Branch and lease of Charlottesville
Rapidan RR., and a second lien between Charlottesville and Lynch¬
A
burg ; the fourth series is a fourth hen between Alexandria and Gordons¬
ville, including Warrenton Branch and lease of Charlottesville A Rapidan
RR., and a third lien between Charlottesville and Lynchburg; the fifth
series is a first lien between Manassas Junotion and Harrissonburg, in¬
cluding Front Royal Branch and lease of road from Strasburg to Harris¬
sonburg to the B. A O. RR., and a fifth lien between Alexandria and
Gordonsville, including Warrenton Branoh and lease of Charlottesville
A Rapidan RR., and a fourth lien between Charlottesville and Lynch¬
burg ; the sixth series is a first lien between Lynchburg and Danville,
including Pittsville Branch and lease of Franklin A Pittsylvania RR.,
and a sixth lien on lease of Charlottesville A Rapidan Railroad.
The $4,000,000 income bonds were issued to retire 1st and 2d preferred
stock, every 10 snares of preferred to be entitled to exchange for 10
shares of common and a $1,000 mcome bond. The company issued
additional common stock, making the total $6,000,000.
The general account December 31,1881, was as follows :
Dr.
Capital stook
Income bonds
Bonds issued...
Bills A accounts paya¬
„
ble, Ao
Unpaid interest.......
Connect, lines, Ac.,bal.
Profit and loss
Total
$4,902,000
3,412,081
7,423,281
216.381
2,715
176,592
121,015
$16,254,068
Cr.
Cost of road A prop’ty $15,737,363
Construot’n A equip...
158,338
i$15,895,701
Materials and supplies
on hand
Connect, lines, Ac..bal.
Cash
Total
54,167
223,445
80,753
$16,254,068
Earnings for the years ending December 31 were:
Miles.
Gross earnings. Operat’g exp’ses. Net earn’gs.
354
$1,247,576
$865,446
$381,970
•
1,333,546
767,988
-(V. 33, p. 256, 275, 624; V. 34, p. 265, 292; V. 35, p. 449.)
565,557
Virginia A Truckee.—Reno, Nev., to Virginia, Nev., 52 miles; branch
line, Silver Junction to Silver City, 2 miles; total, 54 miles. Road
Fitchburg to Greenfield, opened November, 1869. The bonds are payable $100,000 per year.
Mass., 56 miles: branch, 3 miles. The road is leased to the Fitchburg Gross earnings in 1881 were $914,271; net, $394,564,
against $449,RR. for 999 years at 6 per cent.
746 in 1880; dividend payments,! $240,000. The per cent paid is not
Termont Valley of ’71.—March 31, 1882, owned from Bellows Falls to stated, and the reports say that the amount of paid-up capital Is not
Brattleboro, Vt., 24 miles, and by purchase of stock the Sullivan County known in consequence of the destruction of the hooks by fire several
RR. from Bellows Falls to Windsor, Vt.. 26 miles; total, 50 miles. Con¬ years ago.
D. O. Mills, President, San Francisco. (V. 32, p. 687.)
trolled by Connecticut River RK. The Sullivan County RR. stock is
Wabash St. Louis A Pacific.—A consolidation of the Wabash Railway
deposited ms collateral security for the above mort. bonds. Net earnings
with tho St. Louis Kausas City A Northern, November 1,1879. Miles of
of both roads year ending March 31, 1881, was $107,007; in 1931-2.
Vermont
A
Massach isetts.—Lino of road,
road operated. Dec. 31, 1881:
East of the
E. St. Louis, 436 miles; Decatur to Camp
Mississippi River—Toledo to
Point, 129; Camp Point to
Quincy, 23; Bluffs to Hannibal, 50; Maysville to Pittsfield, 6; Clayton
to Elvaston, 34; Edwardsville to Edwardsville Crossing, 10; Detroit to
The company was unable to earn full interest, and reorganization was
; Michigan City to Indianapolis, 161; Attica to Cov¬
made in 1881 with bonds as follows: $1,100,000 of first mortgage 6 Logansport, 214
ington, 14; West Lebanon to Leroy, 76; P. A D. Junotion to St. Francisper cent, forty years, gold bonds; $1,100,000 of second mortgage bonds, ville, 109; Vincennes to Cairo, 158 ; Hollis to Jacksonville, 75;
Springwith interest at 3 percent for two years, 4 per cent for two years, 5 per field to
Havana, 47; Streator to Altamont, 156; Shumway to Effingham.
cent for one year and 6 per cent for thirty-five years; $1,920,000 of
8; Strawn to Chicago, 100; Urbana to Havana, 102; White Heath to
third mortgage income bonds, with interest at 7 per cent, if earned; and
Decatur, 30; Lafayette to 8tate Line (C. I. St. L. A C., 46).
for W. St.
preferred stock, $1,937,189; common stock, $3,957,100. The annual L. A P.,23; State Line to Keokuk, 224; Hamilton to Warsaw, 5; La
report was in V. 35, p. 20. and gross earnings for 13 months ending Harpe to
Burlington, 20; total east of the Mississippi, 2,211 miles.
March 81, 1882, were $550,830; net, $176,158. (V. 32, p. 71,611, West of the
Mississippi—St. Louis to Kansas City, 277 miles; St. Louis
660; V. 33. p. 75, 125 ; V. 34, p. 205: V. 35, p. *0.)
Levee toFerguson Junction, 10; Centralia to Columbia, 22; Glasgow to
Virginia Midland.—December, 1881, owned from Alexandria to Salisbury, 16; Moberly to Ottumwa, 131; Bnmswiok to Counoil Bluffs,
Gordonsville, 88 miles; Warrenton Branch, 9 miles; Charlottesville to 224; Roseberry to Clarinda, 21; N. Lexington to St. Joseph, 77; West
Lynchburg, 60 miles; Lynchburg to Danville, 66 miles; Pittsville
es Moines to Jefferson, 67; total west of the Mississippi, 1,137 miles.
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of
which 49 miles leased to Balt. A Ohio); Front Royal Branoh, 1 mile; Grand total east and west, 3,348 miles.
total owned, 347 miles. Leased, Orange C. H. to Charlottesville, 28
Tne annual report for 1881 was published in the Chronicle, V. 34, p.
miles; Pittsville to Rocky Mt., 30 miles: total leased, 58 miles. Total 405, and tho following comments were made: “ The annual report of
owned and leased, 405 miles, of whioh 51 miles, Strasburg Junotion tills company Is one of the most interesting reports ever issued. As late
to Harrisonburg, is leased to the Baltimore A Ohio, leaving 354 miles as November, 1881, the quarterly dividend of l*a per cent on the pre¬
operated. The Washington City Virginia Midland A Great Southern ferred stock was paid, and at the close of the* year the aocounts showed
was a consolidation (Nov., 1872) ot the Orange Alexandria A Man¬
a deficit for 1881 of $2,472,038, or a net defloit of $1,452,858. after
assas and Lynohurg A Danville railroads.
The Orange Alexandria deducting tho nominal surplus of $1,019,180 at the beginning
A Manassas was a consolidation (June 1,1867) of the Orange A Alex¬ of the year.
The gt'oss earnings published monthly showed a
andria and the Manassas Gap.
The Washington City Virginia Mid¬ large increase over 1880, and led the public to believe that the
land A Great Southern was put into the hands of a receiver July 1, company was doing well.
During November the preferred stock
1876, interest being m default, and was sold m foreclosure May 13,1880, sold from 90S* to 83% ox-dividend, and this was the time for those
and after litigation sold again Deo. 20, 1890.
Reorganized as Vir¬ having intimate knowledge of the company’s affairs to sell, as it must
have been to them a foregone conclusion that a heavy decline would
ginia Midland, and bonds and stock issued as above.
The Baltimore A Ohio had large claims against the company for take place when the real couditiou of the company’s affairs became
coupons, aud after reorganization that company and the Garretts known. The conspicuous figures of the report, whioh aocount largely
sold their large interest, amounting to $3,009,000 in stock, to the Rich¬ for the decline iu net earniugs, were the operatiug expenses, amounting
mond A Danville Syndicate. The plan of reorganization was published to $10,792,943, against $7,787,348 in 1880; but none of the usual
in tho June, 1881, Suiu’LBmknt under Wash. City Vir. Mid. & Great South. items of operating
expenses are given iu detail, such as * maintenance
Of the above bonds, the first series is a first lien between Alexandria of way/ ‘cost of transportation/ Ao., so that it is impossible to say*
$88,00^.
Dividends of 4 per cent per annum are paid on tho stock of
$1,000,000.
Vicksburg <f: Meridian.—Lino of road—Vicksburg to Meridian. Miss.
Suinqy to Trenton, 136; Keokuk to Humeaton, 131; Relay to Albia, 24;
RAILROAD
Subscribers will confer
a
STOCKS
AND
BONDS.
[VOL. XXXV.
great favor by giving immediate notice of
any error discovered in these
Tables.
DESCRIPTION.
Miles
Date
Size, or
For explanation of column
headings, &c., see notes
of
of
Par
on first
page of tables.
Road. Bonds Value.
Wabash St. Louis dt Pacific— (Continued.) —
Wabash, 1st mort. (Ill. & So. Iowa) extended.
29
1862 $500Ac.
do
2d mortgage (Toledo &
Wabash)
75
1853
250 Ac.
do
2d mortgage (Wabash &
Western)
167
1858
100 &c.
do
2d mortgage (Great West, of 1859)
180
1865
1,000
do
Consol. M., (on all but Dec. & E St.L.)..
490
1867
1,000
do
1st mort., (Decatur &E. St. Louis)
109
1869
1,000
do
Funded debt bds (sec.by dep’sit of coups.)
1877
500 Ac
do
Mort., gold, sink. fd. $25,000 after ’82..
1879
1,000
do
Seney mortgage
600
1877
Hannibal A Naples, 1st mortgage
50
1879
1,000
8t. L. K. C. ANo., 1st mort. (North
Missouri)
354
1865
1,000
do
real estate A railway 2d mort....
354
1874
1,000
do 1st & 2d M.onSt.
1878
1,000
do 1st ui., Omaha Char.Bridge,coup.orrg
Div., gld, s. f., coup.or rg
146
1879
1,000
do 1st mort., gold, Clarinda Branch
22
1879
1,000
Toledo Peoria & West., 1st
mortgage
237
1880
1,000
do
1st pref. income, conv., int.
guar..
1H80
1,000
do
2d pref. income bonds
1880
Quincy Mo. A Pacific, 1st mort., gold (int. guar.). 102 1879
1,000
Peoria Pekin & Jacksonville, 1st
mortgage
83
1864
500 Ac.
Centrev. Moravia & Alb. RR., 1st
24
mortgage
INTEREST OR DIVIDENDS.
i
Amount1
Outstanding
Rate per Wheii Where
Cent.
Payable
Bonds—Princi¬
Payable and by
,
Whom.
pal,When Duo.
Stocks Last
Dividend.
'
$300,000
i
iB
^
m
m
m
m
•
"
201,000
500,000
6,000,000
H
»
o
•
....
0881
Chicago Cincinnati
....
&
Louisville, 1st mortgage...
Ware River—Stock (guaranteed)
Warren (N.J.)—Stock
2d mortgage
1st consol, mortgage
Wdsatch & Jordan Talley— Gold bonds
Washington City <6 Ft. Lookout— 1st M. bonds, gold
\y:
West Jersey—Stock
Loan of 1883, guaranteed by Camden &
Amboy..
1st
1st
mortgage loan
do
■*
consolidated
..
1873
500 Ac.
100
100
«...
•
172
60
38
128
«,
c
50
500 Ac.
1861
1866
1869
1879
1880.
2,479
Locomotives
Passenger, mail and express
Freight and all other cars
*
458
289
cars
15,665
Includes narrow-gauge equipment.
Operations—
Passengers earned
Passenger mileage
OPERATIONS
1880.
97,774,576
Rate per passenger per mile
Freight (tons) moved
Freight (tons) mileage
Average rate per ton per mile
2-398 cts.
4.533,187
1,105,783,399
0*862 cts.
Earnings—
Passenger
$
2,344,452
Freight
137,114,727
2-238 cts.
5,393,917
1,149,774,547
0 928 cts.
$
3,067,989
10,667,906
14,467,789
10,792,943
4,640,763
3,674,846
Net earnings
Per ct. of operat’g expenses to earn’es
INCOME ACCOUNT.
62*65
1880.
Receipts—
$
4,640,763
earnings.
Other receipts
33,601
Total income
4,674,364
Disbursements—
Rentals paid
Interest on debt
$
483,255
2,657,360
514,569
cars, Ac
Total disbursements
Balance, surplus or deficit
GENERAL BALANCE SHEET
(CONDENSED)
Assets—
Railroad, buildings, equipment, Ac
Becurities on hand
Materials, fuel, Ac
Construction and equipment account..
Income account
Total..
Liabilities—
Stock, common
Stoek, preferred
Funded debt (see Supplement)
Bills payable
Loans payable
Sundry balances*
Income account
1881.
3,215.200
12,428,112
7,787,349
Total gross earnings
Operating expenses
Taxes, rent of
Dividends
*20,139
9,532,334
551,326
Mail, express, &c
Net
*561
*372
AND FISCAL RESULTS.
1,992,763
3,655,184
sur.1,019,180
731,894
$
286,119
873,875
$
1,009,079
3,447,627
637,504
1,329,918
6,424,128
def.2,472,037
$
107,653,815
122,338,646
2,682,234
1,019,180
Y., N. Bk. of Com’rce.
Q.-F.
do
do
do
do
do
do
do
do
do
do
do
0.
J.
D.
J.
S.
0.
0.
A.
J.
A
J. N.Y.,
A.
A.
do
do
do
do
do
do
do
A
A
A
A
A
A
A
A
A
A
do
do
F.
F.
A.
J.
.T.
J.
M.
A.
A.
F.
do
do
do
do
do
do
do
do
do
do
Aug. l, 1912
May 1, I893
May 1, 1893
May 1, 1893
Feb., 1907
Aug., 1889
Feb. 1,
April 1,
Jan., ’81
June 1,
July 1,
Sept. 1,
1907
1909
A’82
1909
1895
1895-
1903-1908
April 1, 1919
Aug. 1, 1919
Metropolit’nN.Bk
Oct.
1, 1917
Oct.
1, 1909
...»
J.
J.
J.
J.
J.
A.
A.
M.
M.
J.
F.
M.
J.
A.
M.
A
A
J. N.Y. .Metropolit’n N. Bk
J. N. Y., Imp. A Trad. B’k
A J. N.Y., Mertopolit’nN.Bk July 1, 1894
A J. N.Y., Farmers’ L.AT.Co
Jan., 1887
A J. Boston, Bost. A Alb. RR.
Jan. 1, 1S83
A O. N.Y., Del., L. A W. RR.
Oct., 1882
A 0.
do
do
April 1, 1900
& 8.
do
do
March 1, 1905
A N.
N. Y., Kountze Bros.
A D. Baltimore, Balt. A O.RR.
1903
A A. Phila., Pa.RR.Co. Office
Sept. 15,1882:
A S.
do
do
Mch., 1883
A J.
do
do
Jan., 1896
A O.
do
do
Oct., 1899
A N.
do
do
Nov., 1909
The trustees of the general mort. for
$50,000,000 are the Central Trust
Ce. of N.Y. and James
Cheney of Indiana. It provides for taking up all
the old bonds as they mature, or
by exchange at any time the holders offer
them, and
$
26,921,500
23,033,200
66,291,858
355.466
1,500,000
4,236,622
erty of the trust.
Then $6,000,000
prop¬
assigned for equipment and per¬
manent improvements, and the balance of
tion of new roads, Ac. All the roads owned $11,000,000 for the acquisi¬
and all the right and title to.
roads leased and controlled are covered
by the mortgage deed. The
mortgage may be foreclosed after six mouths’ default of
interest, if a
majority in value of all tbe bondholders so request the
are
trustees. First
per cent now,,
Division was-
mortgage on St. Charles Bridge is for $1,000,000, and is 6
running absolutely till 1908.
The mortgage on Iowa
given in place of the
Mo. Iowa A Nebraska mortgage
bonds.
The amount of funded debt bouds of
1877, due 1907 as above given,.,
includes the scrip certificates for coupons funded and
deposited in trustwhich certificates amounted
January 1, 1882, to $1,068,357,
exchangeable into the bouds. If not exchanged the certificates and are
fall due
with the principal of the bonds from which
coupons were cut.
Preferred stock has a prior right to 7
per cent (non-cumulative); then
common to 7; then both share in
any surplus.
The
~
Toledo Peoria A War.
company made default Dec., 1873, and was
operated by a Receiver until sold in foreclosure on Jan.
20, 1880. It'
was purchased
by a committee of bondholders for $6,000,000, and re¬
organized as Toledo Peoria A Western. This
company made a lease for'
the term of its
charter to the Wabash St. Louis. & Pacific*on
terms as
follows, viz.; That the Wabash Pacific guarantee 7
per
$-1,500,000 first mortgage bonds of the Toledo Peoria cent on the
A Western.
The
$2,900,000 income bonds to be guaranteed at 4
per cent
and to be convertible at par for Wabasli
St. Louis A Pacific common
stock. The $1,000,000 second preferred income
bonds were also convertible into Wabash preferred
stock, share for share. Tim stock of the
Toledo Peoria & Warsaw was scaled 25
per cent common, 30 per cent
second preferred and 50 per cent first
preferred, each shareholder*
amount in new stock of the Toledo
receiving this
Peoria A Western '
stock.
The Toledo Peoria & Western stock
($3,000,090) was cliangable
into Wabasli common stock, three
shares.for one. (V. 32, p. 71, 289. 310,356,386,437.454.613,685; V. 33, p. 48, 75, 93. 126, 262, 224, 256,
305, 387. 469, 529, 611, 687; V. 34, p. 20,
222, 317, 336, 3G7, 405,
435 ; V. 35, p. 52,
95, 266, 706.)
,
Ware River.—Palmer, Mass., to
leased for 999 years to the Boston Winchendon, Mass., 49 miles. It »
& Albany Railroad at a rental of T
per cent per annum. J. A. Rumrill,
President, Springfield, Mass.
Warren, N. J.—Line of road, New Hampton Junction to Delaware
Bridge, N. J., I8L4 miles. The road is leased to Delaware Lackawanna
Western at 7 per cent on stock and bonds. Gross
earnings, 1881,.
$593,234; net, $345,274. (V. 32, p. 611.)
A
'
Washington City <£ Point Lookout.—Ilyattsville, Md., to Shepherd,
to be extended.
leased to the Baltimore
stock
paid in is $1,000,000.
&
This road was opened in 1873. It is
Ohio for $36,000 gold per
annum. The
Same officers as Baltimore A Ohio Railroad.
West Jersey—Main line—Camden to
Cape May and Bridgeton, 111
miles; leased lines, 27 miles; West Jersey & Atlantic RH., 34
miles;
total, 172 miles operated.
The company holds In sinking funds$339,000 in bonds. Tn 1881 total net earnings were
$427,572, from
which, deducting net earnings of the West
Jersey Si Atlantic, there
remained $374,537, and the
charges for interest and rentals were
$208,760. Operations for three years past were;
Passenger
Freight (ton)
Gross
Net
Mileage.
Mileage.
Earnings.
Earnings.
1879
16,674,109
5,217,286
$586,178
$253,812
25,372,305
5,557,065
758,690
275,561
1881
42,550,400
9,046,582
991,600
374,5S7
—(V. 32, p. 366; Y. 33, p. 256; Y. 34, p. 317,
548, 655; V. 35, p. 52, 71,
339.)
West
miles.
on
Jersey <& Atlantic.—Newfleld, N. J., to Atlantic City, N. J., 34
Opened June 17,1880, and operated by West Jersey Railroad
a joint traffic
agreement and 25 per cent of gross receipts on West
road to be applied to any deficit in interest
sinking fund for bonds purchasable at 105, or drawn If
Stock is $59,000.
Jersey from traffic of this
and then
over
that.
as
Western A labama- -Line of road—Selma to
Opelika, Ala., 116 miles ;
branches, Opelika to West Point, 22 miles, and Opelika to Columbus, 2v
88,200,475
122,338,646 miles; total, 167 miles. Was a consolidation in 1870 of Montgomery®
includes audited
vouchers, interest accrued, interest not due, urn West Point and Western of Alabama.
jpaid taxes, Ac.
Sold
May 10, 1875, in forex-iosure
and
Total liabilities
-
reserves $33,000,300 for that
purpose; and the bonds so taken,
up are not canceled but remain in the hands of the
trustees as the
Md., 13 miles, and
88,200,475
21,614,500
20,453,000
42,094,858
336,703
A. N.
N.
N.
N.
3,952,091
$
435,862
1,212,245
11,578,866
1,452,858
$
A
A
A
A
3,674,846
277,245
1881.
3,116,529
,
6
F.
M.
M.
M.
Wasatch J Jordan Talley.—Brigham
City, U. T., to Alta City, U. T..
44 miles.
In 1878 the
Brigham Canon A Camp Floyd was merged
hi this, and it is stated that there
are mortgages
prior to the above.For three years, 1876-7-8, the
average net earnings were $131,186
per annum.
Stock is $1,100,060.
Lately bought by Denver A Rio*
Grande Western. C. M. Scofield, President, N. Y.
City. (V. 35, p. 104.)
74*59
AT CLOSE OP EACH FISCAL YEAR.
83,923,952
1,000,000
1,000,000
442,582
500 Ac.
1881.
7
6
3
6
6
7
313,500
500Ac.
500 Ac.
3,348
884.000
540,000
1,359,750
„
EQUIPMENT.
Total miles operated
!|:1.
12
1867
’where the increase took place. The
interest and rentals in 1881
also showed a very
large increase,
amounting to $4,456,706,
against $3,140,614 in
1880
and
this
was
a
most important
change, in view of the large accessions
to
the
property
of ’ the
in the new
company
lines
purchased
during
the
year.
The Auditor’s report is excellent in
giving a particular
account of the terms of each lease and
the annual charge on this com¬
pany for rentals and interest. It appeal’s from this
that the company
was not under its full
charges for the whole year 1881, and the charge
for rentals in 1882 will be about
$1,030,000 and for bonded interest
$4;380,082, making a total of $5,4 LO,082. against
$4,456,706 in 1881—
an increase during this
year of nearly $1,000,000.”
The following extracts will furnish all
the information
given in the
General Manager’s report in regard
to the operations of the road : “ The
result for the year 1881 shows that the net
earnings have not been suffi¬
cient to pay the fixed
charges and dividends, and that the company is in
deficit. It cannot be denied that this
unexpected result has come from
many causes, most of which were beyond our control.
The
ings of the road—instead of showing a large increase over gross earn¬
the previous
year, as would have been the case under
ordinary circumstances and
conditions—have fallen considerably below those of
1880, taking into
account the additional miles
operated. This
owing largely to the failure of the crops, but unexpected decrease is
partially to the very low
rates which have prevailed on
through business for the last eight
months, growing out of the fight between Eastern
trunk lines, over
which state of1 things it was
impossible for our company to exercise
control.”
any
ROAD AND
M »
1855
1870
1875
63
Consolidated mortgage
H j Jf.
73
49
18
18
18
6
7
7
7
7
7
6 A 7
7 g.
7
7
7
3,000,000
7
1,388,500 6 A 7 g.
2,350,000
7 g.
264-,000
6 g.
4,500,000
7
4
1,190,000
385,000
1,204,000
6 g.
1,000,000
7
6
400,000
7
1,000,000
750,000
3*2
1,800,000
3^
7
750,000
7
600,000
....
o
1,000,000
1.500,000
2,500,000
2,610.000
2,700,000
2,940,357
1,600,000
purchased jointly by the Georgia Railroad and Central Railroad w
EAILROAD
1882.J
December,
Subscribers will confer
—
DESCRIPTION.
on
first page
see notes
of tables.
Atlantic—1st mortgage
Jaroetpni (Ala.)—Western RR. bonds, before consol,.
mort.. guar, by Cent, of Ga. and Ga. RR. AB. Co.
iTersen &
Atlantic (Ga)—Income bonds
Maruland— 1st mort., endorsed Balt. City..
<£
1st mortgage, unendorsed
2d
do
endorsed by Baltimore
2d
do
endorsed by Wasniugton County
2d preferred mortgage, unendorsed
Sd mortgage, endorsed by Baltimore
do
endorsed by Baltiivore
4tb
..
Funded coupons
'Wesiern^Nort/i Carolina—1st
160
138
90
90
90
90
90
90
90
Size,
mortgage
Pittsburg Branch
General mortgage
White Water—Stock ($325,000 of it pref.)
Wheeling & Lake Erie.—1st M., gold ($15,000
Wilminyion Colum'jia <£ Augusta—Stock
130
57
28
1880
18G8
1870
1873
1858
1858
1867
1867
1868
1870
1872
1880
....
1877
"
Sterling bonds
t
Sinking fund bonds, gold
Wisconsin Central—Consol, mort., land grant, pref.
1st series
2d series, income
Worcester <£• Nashua—Stock
Bonds, mortgage
1863
1865
500 Ac.
100 Ac.
Bonds, mortgage
Bouds, mortgage
Nashua <x Rochester—Stock
do
do
1st in., guar, (for $700,000)
1,000
1880
....
100
....
....
326
326
326
46
1879
1879
1879
....
48
48
....
....
....
1873
1875
....
....
....
Gross
544,107
579,492
679,746
692,911
....
.
1874
.
.
Expenses and
Taxes.
$367,072
367,454
395,498
402,797
376,757
Net
Earnings.
$100,524
176,652
183,994
276,949
316,154
Western
The
Maryland—Line of road—Baltimore to Williamsport, Md., 90
Emmitsburg Branch, 7 miles; Edgemout to Shippens-
was
company was
unable to pay
total, 131 miles. The capital stock is $682,250.
largely assisted by the city of Baltimore, and
all] its
interest.
A compromise was made with
the preferred second mortgage bondholders for funding coupons.
The Baltimore A Hanover RR. was completed to its connection with
this road in 1880. The Western Maryland operations for five
years
have been as follows, but in 1878-79 the construction account was
••closed and all expenses charged to operating
expenses, on which basis
net earnings have since been relatively decreased.
-(V. 34,
Passenger
Mileage.
7,411,061
8,502,388
10,705,925
12,277;592
p.
85
;
V. 35,
p.
457.)
Freight
Mileage.
5,180,982
5,469,519
6,645,328
7,278,431
Gross
Net
Earnings.
$347,202
Earnings.
$129,927
73,095
88,278
347,442
397,564
461,871
540,148
85,952
175,657
Western Minnesota.—Sauk Rapids, Minn., to Brainerd,
Minn., 61
miles.
Road opened Nov. 1, 1877.
Leased to the Northern Pacific
Railroad May 1, 1878, for 99 years. Stock, $800,800. The land
grant
is 537,842 acres. George L. Becker, President, St.
Paul, Minn.
Western North Carolina.—March 31,1882, owned from
Salisbury, N. C.,
to Paint Rock, Tenn. State line, 189 miles. The road was
financially em¬
barrassed, and was purchased April 17, 1875, by commissioners for the
•State of North Carolina, and subsequently finished
by the Richmond A
Danville Terminal Railway Company. It is proposed to
complete the
road to Cleveland, Tennessee.
Stock, $4,000,000.
(V. 32, p. 100; V.
33, p. 346, 385, 580; V. 34, p. 179, 366; V. 35. p. 103, 298, 374.)
Western Pennsylvania.—The road runs from Blairsville to
Alleghany
Oity, Pa., 63*2 miles; branch to Butler, Pa., 21 miles; total, 841o rniles"Completed in 1865 and branch in 1870. Leased to Pennsylvania Rail¬
road, the lessees paying net earnings to lessors. The Pennsylvania Rail¬
road, lessee, owns $993,050 stock but of the total amount of $1,022,450,
-$288,000 of branch bonds, and all of $1,200,000 general mortgage
bonds. In 1881 net earnings were $166,954.' (V.
35, p. 393.)
White Water.—Valley Junction, O., to Cambridge City, Ind.,
65 miles.
This was formerly the WhiteWater
Valley, sold in foreclosure May 2,
1878, and reorganized under this title. Gross earnings, 1880-81,
•668; net, $24,823.
Elijah Smith, President, Boston, Mass.
$118,-
Wheeling <6 Lake Eric— Road
under construction—Wheeling. W. Va.,
Toledo, O., 205 miles, and branch, Norwalk to Sandusky, O., 21
In January, 1882, 97 miles in operation. Bonds offered in New
York, July, 1880 by N. Y. New England A Western Investment Co.
Stock, $5,250,000. (V. 34, p. 52 ; V. 35, p. 23, 71, 103, 162.)
to
miles.
Wilmington Columbia <6 Augusta.—Sept. 30,1882, owned from Wil¬
mington, N. C., to Columbia, S. C., 189 miles. Leased jointly, Lane,
S.
C., to Sumter, S. C., 38 miles. Total operated, 227 miles. In 1880-81
there was expended $42,000 out of
earniugs for locomotives. Paid 3
per cent dividends for 1880 and 1881. Earnings have been:
Years.
Gross Earn’gs.
Net Earn’gs.
$547,446
$145,423
640,956
135,917
692,628
139,592
Road was sold in foreclosure, October, 1879, for
$860,500, and re¬
organization is in progress.
The scheme of reorganization (which was
carried out) provided that a new corporation should be
created, with a
capital stock of $960,000 and $1,690,000 in thirty-year first
mortgage
bonds. The holder of $2,000 of the old oonds, together with the certifi¬
cates for funded interest, received a $1,000 bond
of the new company,
and in addition six shares of stock. The
plan
the first mortgage bondholders, and cutoff adopted provided only for
income bonds, $600,000;
certificates of debt, $336,000; floating debt. $879,022, and the
capital
of the old company, $300,000, (V.
33, p. 686; Y, 35, p. 657.)
544,626
500,000
76,000
850,000
800,000
1,000,000
1,200.000
Q-J.
J.
J.
J.
J.
J.
J.
J.
A
A
A
A
A
A
A
J.
J.
J.
J.
J.
J.
J.
do
do
do
do
.
6
3,800,000
5,700,000
3
7
7
5
2 to
2 to
1,789,800
275,000
o
250,000
400,000
5
5
g.
g.
5
7
1*2
700,000
J.
M.
J.
M.
J.
J.
J.
A
A
A
A
A
D.
N.
J.
N.
J.
A J.
A J
Oet. 1.
Oct. 1,
Oct. ’79
Jan. 1,
do
do
do
1888
1890
to ’91
1890
1, 1890
Jan., 1895
JauM 1895
Jan., 1895
Jan., 1900
Jan., 1902
Jan.
do
do
do
1890
Y., Northern Pacific,
do
do
May 1, 1890
Philadelphia, Penn. RR. April 1, 1893
do
do
Jan.
do
do
Oct.
N.
Y., Co.’s Agency.
Baltimore.
Balt., Safe Deposit Co.
London.
N.Y.,Bost.,Lond.,Frank
Boston.
1, 1896
1, 1901
Nov. 1, 1909
Jan. 10,1883
June, 1910
Jan. 15, 1883
1886
1896
5 p.
ct^carly
do
do
1909
Jan. 2, 1883
Worcester, Office.
Various
do
do
May 1, 1887
A. A O. Bost., Globe Nat. Bank.
April 1, 1893
F. A A.
do
do
Feb. 1, 1895
A. A 0.
Worcester, Office.
Oct. 2, 1882
A. A O. Boat., Globe Nat. Bank.
April 1, 1894
1*2
1,305,800
M. A N.
J. A J.
J. A D.
Sept. 1, 1910
Hagerstown, Md.
Balt.,N. Mechanics’ B’k
,
A. A 0.
J. A J.
A. A 0.
Stocks—Last
Dividend.
Atlanta, Co.’s Office.
Balt., N. Mechanics’ B’k
M. A N. N.
M. A N.
§s-
1,600.000
1,278,050
2,082,400
221,400
936,000
400,000
500 Ac.
Western <£ Atlantic— Atlanta, Ga., to Chattanooga, Tenn., 138 miles.
Built by State of Georgia and opened in 1850, and by an act of October
24,1870, was leased to a company for twenty years at a monthly rental
■of $25,000. In 1881 gross earnings were estimated at $1,500,000, and
aiet. $600,000; rental, $300,000; surplus, $300,000 (V. 32, 184; V. 34,
p. 317; V. 35, p. 133, 291.)
burg, Pa., 34 miles;
1,000,000
3,500,000
100
100 Ac.
500 Ac.
1000Ac.
Georgia. The old stock and income bonds were wiped out in the fore¬
closure, and the property is represented by the bonded debt and $84(3,005
due each of the above companies. There are also $45,000 second mort¬
gage 8s of Montgomery A West Point HR. due May 1, 1888. The gross
aim net earnings have been as follows:
Earnings.
$467,597
10
6
6
6
6
6
6
6
6
7
7
7
6
6
7
Bonds—Princi¬
pal,When Due.
Whom.
M. A S. Phila., Fidelity I. T. Co
A. A O. New York A Savannah
4. A 0.
do
do
8
960,000
....
....
644,000
200,000
400,000
300,000
300,000
600,000
875,000
Payable, and by
1,300.000
180
....
6
8
1,000
1879
'79
Wilmington <£ Weldon—Stock
$500,000
000,000
1,158,000
1,000
....
Rate per When Where
Cent.
Payable
187-09 180-2
1,000
1.89
mortgage
Wilminaton d• Northern—Stock
Outstanding
1.000
100 Ac.
500 Ac.
500 &c.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
....
—
p. in.)
Amount
$1,000
*65
ist
1870-77
lix
INTEREST OR DIVIDENDS.
or
Par
Value.
1877
1st mortgage,
1879-20
34
44
60
Pennsylvania—1st mortgager
Western
Miles
Date
of
of
Road. Bonds
....
'Western Minnesota—1st mortgage
Land grant bouds
miles;
BONDS
great favor by giving immediate notice of any error discovered In these
Tables.
a
p^TptDlanation of column headings, Ac.,
A
118877--29090
STOCKS AND
5
Wilmington t£ Northern.—Dec. 31, 1881, owned from Wilmington
Del., to Reading. Pa., 72 miles; branches, 7 miles; total owned 79 m ilea
Has bonds
amounting to $122,700. Earnings in 1881 $325,012; ne
$66,764.
Wilmington & Weldon.—Road extends from Wilmington to Weldon,
N. C., 163 miles; branch to Tarboro, 17
miles; total, 180 miles. Was leased
November, 1872, to Wilmington Columbia & Augusta Railroad for 99
years. The lessees made default December, 1877, and the lease was suiv
rendered April 13, 1878. For three years, 1879-81, 3
per cent yearly
dividends were paid. The earnings and expenses for five
years have been:
Gross
Years.
Net
Earnings. Earnings.
Years.
$488,448 $176,277
505,978
175,693
221.698
603,175
-(V. 33, p. 685 ; V. 35, p. 657.)
Gross
Net
Earnings.
Earnings.
$750,916
783,790
Wisconsin Central—Dec. 31,1881, owned main line
Stevens Point to Menasha, 65 miles; do. to
Ashland,
and
$303,833
209,472
branches
186 miles; do. to
Portage City, 70 miles; branches, 7 miles; total owned, 327 miles. Leased,
Schwartzburgto Menjsha, 93 miles; Menasha to Appleton, 5 miles; Hil¬
bert to Green
Bay, 27 miles; operated under contract, Milwaukee to
Total operated, 462 miles. The Milwaukee <&
Northern lease is terminable on six months’ notioe, and on Feb.
1, 1882,
the Wisconsin Central gave notice. A foreclosure suit was
begun in
Sept., 1878, and in Jan., 1879, the road was taken possession of by the
trustees for bondholders, who still operate it. There
is a land-grant
of over 800,000 acres, and on March 1,1882,
proposals were received
for $100,000 bonds to be taken up with
proceeds of land and stumpage
sales. The full plan of reorganization (now practically
accomplished) was
given in the Chronicle, V. 29, p. 303. This embraced the issue of a new
consolidated mortgage to cover $400,000 5 per cent preferred
bonds;
$3,800,000 first series bonds, bearing 2 percent for three years from
July 1,1880, and 5 per cent afterward; and $5,700,000 second series
bonds, to draw interest if earned (but not cumulative), 2 per cent for
three years, and 7 per cent thereafter. Interest on the second
series is
Schwartzburg, 9 miles.
Eayable J.ending six months before.each time on of $11,500,000 remains,
alf year and J., but dependent
The stock the net earnings of the
$2,000,000 of it preferred and $9,500,000;common, and is all
deposited
in trust with Stewart and
Abbott, ’Trustees, to be voted on until all interest
is being earned and paid on new bonds, and in the
judgment of the trus¬
tees is likely to continue so to he. Certificates for new stock have been
issued to the old stockholders, which
pass as a delivery on sales. In
March. 1882,
a
circular
was
issued, inviting subscriptions of $1,400,000
to build a 65-mile extension from Neenah south to
Sohleisingerville.
The object was to get a paying independent
line to Milwaukee and
towards Chicago. For $10,000, subscribers are offered
$10,000 first
mortgage 6 per cent bonds, $2,000 5 per cent (cumulative interest) in
come bonds, $1,000 6 per cent (cumulative
dividends,) preferred stock
and $2,000 common stock—in all $15,000, at par, of securities. Stock¬
holders have the right to subscribe in the proportion of 1 for 8 of their
holdings of Wisconsin Central stock. The Wisconsin Central will leas©
the new road for ninety-nine years. For four
years past the earniugs,
Ac.,
were:
Years.
Miles.
1878
449
1879
455
1880.... 460
1881
461
....
....
....
Passenger
Mileage.
5,661,975
6,385,319
8,746,766
10,466,444
Freight (ton)
Gross
Net
Mileage.
Earnings.
$733,819
Earnings.
$122,863
851,090
1,146,352
1,365,967
193,090
265,748
23,225,583
30,920,076
41,550,726
47,766,777
272,108
-(V. 32, p. 124, 207, 579, 634; V. 33, p. 491. 580: V. 34, p. 147, 317,
522, 655
;
V. 35, p. 23, 298, 313, 374, 4o5, 578, 707, 737.)
Worcester & Nashua.—S©pt. 30,1882, owned from Worcester to Nashua,
46 miles; leased, Nashua A Rochester. 48 miles; total
operated,
94 miles. Paid regular dividends of 10
per cent for some years
before 1874-5. In 1875-6 the leased line charges (Nashua & Rochester, 48
miles) first appear in the accounts, and the Worcester A Nashua paid
only 5*2 per cent dividends in that year. The rental charge being
plainly too heavy, an agreement was made in 1879 to reduce th©
interest on bonds to 5 per cent, and the
dividends on Nashua
A Rochester stock to 3 per cent per annum. The interest on Worcester
& Nashua bonds wras also reduced to 5 per cent, and surplus
earnings in
any year above requirements for interest and 3 per cent on eaoh stock
are to be apportioned between the stock of each
company
the relative number of shares. In addition to above there according to
are $37,000
5 per cent W. & N. bonds. Five years’ operations wore as follows:
Years.
Miles.
1877-8.... 94
1878-9.... 94
1879-80
94
1880-81
94
1881-82... 94
..
..
—(Y. 33, p, 580.)
Passenger
Mileage.
Freight
Mileage.
Gross
Net
Earnings.
Earnings.
$168,351
165,495
167,033
155,196
179,526
5,703,761
6,168,871
6,784,960
7,222,999
16,153,062
7,467,524
473,081
55S,592
588,770
10,999,008
654,514
9,961,740
12,123,444
14,995.020
$473,240
lx
xjANAL
Subscribers will confer
a
DESCRIPTION.
For explanation of column
on
stocks and bonds.
great flavor by giving immediate notice of
any error discovered in these
headings, Ac.,
first page of tables.
Miles Date Size, or
see notes
of
of
Par
Canal. Bonds, Value.
Albermarle <& Chesapeake—Stock
Mortgage bonds
Chesapeake
Delaware—Stock
1st
Chesapeake <t Ohio— Stock
184
184
184
184
Maryland loan, sinking fund
Guaranteed sterling loan
Bonds having next preference
Delaware Division—Stock, (Conv.into L.C.
AN.stck.)
1st mortgage (extended 20 years in
1878)
Delaware <& Hudson—Stock
•
•
Extended, 1877..
....
1872
1871
1872
Var.
500 Ac.
Var.
Var.
1,000
1,000
various.
100
100
1876
1865
1869
....
1,000
various.
various.
50
1870
108
1,000
50
50
....
....
....
....
.
1870
1863
1864
.
.
r
85
on
.
.
.
8,229,594
2,000,000
4,375,000
1,699,500
1,633,350
800,000
20,000,000
3,465,000
5,549,000
4,829,000
5,000,000
11,273,400
771,000
5,381,840
2,000,000
4.653,000
106,190
41,550
2,470,750
643,000
245,000
1,025,000
1,175,000
780,000
220,000
103,164
4,501,200
2,988,000
840,200
628,100
2,002,746
1,000,000
1,323,000
227,500
97,810
250,000
.
1,000
500
500
1,000
....
2,078,038
1,993,750
7
A J. N.
J.
6
A D.
A J.
A J.
J.
J.
...
6
Q- J.
Q—J.
5
6
2
6
Payable,
Whom.
and by
Y., Union Trust Co.
Philadelphia, Office.
do
do
Balt., A. Brown A Sons.
London.
J. A J. Balt., A. Brown A
Sons.
F. A A.
Pliila., 258 So. 3d 8t.
J. A J.
do
do
1%
Q-Mch. N. Y., Bk. of Commerce.
7
7
7
7
2
6 g*
6
6
6 g.
6
6
7
7
6
J.
J.
A.
M.
A J
A J.
A O.
A 8.
Q-M.
E &
S.
do
do
do
do
New York, Office.
do
do
Philadelphia, Office.
do
do
do
Q-J.
do
do
Q-F.
do
J. A D.
do
do
J. A D.
do
do
J. A D.
do
do
J. A D.
do
do
F. A A.
do
do
M. A 8.
do
do
F. A A. Leh. Val. RR.
Co., Phila.
F. A A.
do
do
A. A 0.
do
do
A. A O.
do
do
F. A A.
do
do
2
5
7
7
7
6
J.
A J.
50c.
....
$1
....
6
6
6
6
6
7
3,000,000
....
J.
....
6
6
6
6
7
Tables.
INTEREST OR DIVIDENDS.
Rate per When Where
Cent.
Payable
$1,500,000
500,000
1,200,000
228,000
756,650
50
1839
1859
’44-’64
1841-4
1872
Amount
Outstanding
3,990,390
.
1,000
1,000
1,000
45
Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort
do
pref. bonds, let mort
do
pref., 1st T. W. priority b’ds.
do
bonds of 1872,4th mort
Union—1st mortgage
.
3,210,450
1,709,380
1,000
1,000
....
....
loan
loan
Chesapeake.—Securities placed
50
500 Ac.
Var.
....
337
337
Susquehanna—Stock
Albermarle dk
1000&C.
-
1869
1864
1867
1867
•
103
103
103
103
mortgage
1,000
....
.
Mortgage bonds, coup, (payable by P. & R.)
Improvement bonds
car
1877
....
common
1,000
1,000
1871
1874
.
General mortg., interest guar’d
by Penn. RR
car
•
100
1869
.
•
1,000
....
....
Pennsylvania—Stock
Boat and
Boat and
•
1858
•
•
50
....
....
New mortgage (for
$1,000,000)
Boat loan
Preferred stock scrip dividend
2d
....
....
Preferred stock
Preferred stock
1st mortgage, extended
•
500 Ac.
500 Ac.
500 Ac.
....
339
consolidated
Schuylkill Navigation—Stock,
•
50
Vario’s
.
1856
25
60
148
148
148
•
....
....
60
1st mortgage, registered.
do
do
Debenture loan of 1894, coup and reg
1st M., coup. & reg., on Penn. Div.
($10,000,000)
Lehigh Coal <£■ Navigation—Stock
Loan, conv., coup., gold (assumed L. A W. Coal Co)
1st mortgage, registered
1st mortgage, registered, railroad
Mort. loan, g. ($2,810,000 assumed
by other co’s.)
Morris—Stock,
$....
1,000
1879
14
14
mortgage (originally $2,800,000)...
Loan, debenture mortgage
Loan, debenture
Consolidated mortgage loan
Greenwood 2d mortgage, reg.
Scrip
[Vol. XXXV,
Q. -M.
J.
J.
M.
M.
M.
A
A
A
A
A
J.
J.
N.
N.
N.
J.
J.
J.
J.
J.
M.
A
A
A
A
A
A
J.
J.
J.
J.
J.
N.
Phila., 233 So. 4th St.
Philadelphia, Office.
do
do
do
do
do
do
do
do
lV 1909
July,’i 8 86
*1870 '
July
1890
1885
Aug. 36, 1882
July 1. 1898
illi1882
1891
1894
Sept. 1. 1917
Dec. 13, 1882
1894
1884
1897
1897
Deo., 1882
1882
June 1, 1911
1892
•1883-'84
Aug. 4, 1882
Aug. 4, 1882
April 1,1906
Oot., 1885
Feb., 1880
July, 1910
Aug. 15,1881
Aug. 15,1881
March, 1897
do
1882 to 1907
1895
do
do
May, 1880
May, 1913
May, 1915
do
do
When Due,
Stocks—Lag*
Dividend
do
Phila. and Baltimore.
do
do
do
do
do
do
do
do
Philadelphia, Office.
Jan., 1885
Jan. 1, 1918
Jau., 1894
Jan., 1894
Jan., 1902
May 1,1883
New York
Stock assumes (in purchase of
Exchange list February, 1880. Prest., Marshall Parks,
equipment) $2,310,000 of the gold
Norfolk, Ya.
1897, and leases the Lehigh & Susquehanna Railroad. The loan due
Chesapeake dk Delaware.—Delaware City to Chesapeake
Lehigh &
Wilkesbarre Coal Company assumes $500,000 of
City, Md.
the gold loan due
and $771,000 (all)
1897,
Chesapeake dk Ohio.—In a suit against the company the Court
(January’ a 1st Greenwood of the convertible gold loan due 1894. There is also
1881) declined to appoint a Receiver, but ordered
the company to report
mortgage of $140,000, due Oct. 1,1882. The Board
at stated times its receipts and
of Managers’ report for the
payments. (V. 32, p. 43.)
years 1880 and 1881 has the following
state
ment of receipts and disbursements:
Delaware Division— Leased to
Lehigh Coal & Navigation Co. at interest
on bonds and 4 per cent a
year on stock, payable till
RECEIPTS.
1880.
February, 1880, in¬ Railroads and
1881.
clusive, in scrip, then till August, 1881, half in
Nesquehoning Tunnel
scrip.
,157,000 $1,429,468
Delaware dk Hudson.—This company, which is
Lehigh Canal
among the largest miners
108,666
and carriers of coal, leases the Alb. &
55,830
8usq.
Rensselaer & Saratoga Water Powers Lehigh Canal
19,755
railroads. Also endorses bonds of N. Y. A and
18,947
Delaware Division Canal
Canada RR. The income
90,176
account for 1881 showed net
74,044
surplus receipts of $2,102,464, against Net profit on Lehigh Coal
185,626
240,742
$1,351,423 in 1880. The annual report for 1881 was
Royalty on coal mined by lessees
given in V. 34, Revenue
6,076
7,573
p. 262. Comparative statistics for four years:
from rents
33.728
35,660
Miscellaneous receipts
INCOME ACCOUNT.
1878.
Receipts—
$
8ales of coal
Canal tolls
5,229,266
39,100
80,146
1879.
$
5,764,477
1880.
$
7,210,524
1881.
!
$
9,328,763
7,737
Total
General and
DISBURSEMENTS.
13,316
,609,676
$1,875,592
legal expenses
58,400 Rent and taxes
$51,792
$59,101
243,537 Rent and taxes Nesquehoning Valley Railroad..
97,050
97,050
Delaware Dirision Canal
672,785
345,075 Taxes
125,438
120,330
398,219
chargeable to canals
595,663
805,914 Taxes
2,568 1
341,781
chargeable to coal and coal lands
326,635
301,858 Taxes on
42,983 1
Balance
59,591
capital stock
630,643
70,147
22,725 f
Taxes on landed
Total
property and improvements...
6,818,887 7,985,118 8,948,327 11,083,547
12,876 J
Interest account
Disbursements—
$
932,231
$
915,039
$
$
Coal on hand Jan. 1
341,036
673,651
535,264
727,284
Ilining coal
2,264,228 3,003,893 3,171,369 '3,985,304
$1,287,664 $1,261,668
Coal transportation, Ac...
Surplus
618,252
641,951
$322,011
$613,924
596,827
755.331
The balance to credit of dividend fund
Canal freight and exps.... 1,348,970
Dec. 31, 1880, was $194,236;
1,764,195 1,568,245 1,737,979 Dec. 31, 1*81, was
Interest
$471,445..
1,340,956 1,234,449 1,343,973
1,374,784
The President’s report for 1881 said:
Tuxes and miscellaneous.
“The
406,883
350,916
366,578
400,401 648,148 tons, an increase of 94,978 tons over production of coal was
Lobs on leased railroads...
498,562
*
*
1880.”
*
“Our
316,059
14,642
total revenue from all sources was
Balance
$1,875,592, a gain of $265,915 over
1,351,429 2,102,464 1880. The decrease in fixed
Total
charges, $25,995, added to this makes a
6,818.887 7,985,118 8,948,327
11,0^3,547 total gain of $291,911 iu uet revenue over the preceding year.
OENERAL BALANCE AT CLOSE OF
A dividend of one dollar
EACH FISCAL YEAR.
per share was paid to the stockholders in
December last, and the balance
1878.
1879.
1880.
1881.
remaining to the credit of the dividend
Assels—
fund at the close of the
$
$
$
year was $471,445. From this balance must be
$
Canal, Ac
6,339,210 6,339,210 6,339.210 6,339,210 deducted whatever sum shall be paid to the State under the four-mill
Railroad and equipment.. 6,190,766
6,220,669 6,414,759 6,456,258 tax law for the years 1879, 1880 and 1881. The amount for which we
Real estate
are to be held liable is
8,643,783 8,795,657 8,846,316
$81,248, but we expect to bo relieved from the
9,027,804
Mines and fixtures
2,679,077 2,699,590 2,713,957
payment of a considerable part of this sum. * * *
2,729,311
Coal-yard, barges, Ac
“The first mortgage 6
877,784
720,487
per cent, loan of $5,381,840
746,791
690,397
in April,
Lack. A Susquehanna RR.
1,022,293 1,022,293 1,022,938 1,022,938 1884, and may be paid off in whole or in part by the matures securities
Second track Alb. A Susq
sale of
controlled by the company, and the balance
1,074,808
(if any)
New York A Canada RR..
3,597,074 3,597,074 3,597,074 3,597,074 at a lower rate of interest.” * * * “ The balance to probably extended
the credit of profit
Cherry Val. A Sharon RR.
and loss account is
305,991
300,000
$2,287,988.” * * *
300,000
300,000
Meehan. A Ft. Edward RR
i lie floating debt, less cash
assets, is about $700,000; against which
16,146 the
Schen. A Meehan. RR
200,773 000 company holds $746,000 of its consolidated 7 per cent bonds, $30Q,Coal on hand Dec. 31
Delaware Div. Canal Co. bonds, and
672,785
535,264
727,283
18,901 shares of its own stock.
345,075
Advances to leased lines..
“The third instalment of the
439.020
368,773
extended debenture loan was
608,894
400,015
Advances on coal royalties
paid, at
617,246
605,326
613,181
ei5,514 maturity. Dec. 10, leaving only $106,190 due Dec. 10 next of the $762,Miscellaneous assets
4,295,445 4,480,701 4,294,706 *2,985,349 779 loan that matured in 1877.” (V. 32, p.
204,231; V. 34, p. 229,604.)
Telegraph and Car Co....
69,410
69,410
69,409
Morris.—Leased April, 1871, to
69,409
Supplies on hand
Lehigh Valley Railroad for 999
958,667
878,000
962,130 1,148,322 yearn.
The lessees assume bonds and
Caen and bills receivable..
scrip, and pay 10 per cent per
2,314,268 3,140,116 3,785,656
Profit and loss
3,884,088 annum on pref. stock and 4 per cent on consol, stock,
587,185 1,208,726
Pennsylvania.—Worked In interest of Pennsylvania
Total assets
Railroad, which
39,610,006 40,981,301 41,041,614
40,9u2,484 guarantees interest on bonds. An old mort. of $90,000 is due in 1887
Liabilities$
$
$
$
Earnings in ’80, $368,769; net, $190,943; interest, taxes, Ac.,
Stock
$192,543;
20,000,000 20,000,000 20,000,000 20,000,000 earnings in
Bonds
1881, $370,405; net, $107,793; interest, Ac., $185,115.
18,333,000 19,837,000 19,837,000 18,843,000
Miscellaneous accounts... 1*277,006
Schuylkill Navigation.—Leased from June 1,1870, to
1,144,301 1,003,827
Philadelphia A
823,053 Reading for 999
Profit and loss
200,786 1,236,431 lessees defaulted years. Rental received in 1881, $361,459 In 1880 the
on the rental and an
Total liabilities
attempt was made to scale down
39,610/106 40,981,301 41,041,614 40,902,484 the interest on some bonds, and certain
*
propositions made
These miscellaneous assets
include the following; Jefferspn RR Receivers of the Philadelphia A Reading Railroad have been by the
carried
bonds <W>8), $86,710;
out. See annual report in V.
Albany A Susquehanna consols (762),
34, p. 202. (V. 32, p. 17,184; V. 34, p. 202.)
$762,000;
sundry bonds $368,861; 8,540 shares
Albany & Susquehanna, $854,000;
Susquehanna. ^ Leased and operated by
$.241 shares Rensselaer &
Philadelphia A
Saratoga,
-kv. 32, p. 98, 155, 230, 526; V. 34.$822,137; sundry stocks, $91,640, road for interest on bonds and half of net earnings Deo.Reading Rail
31,1881, the
p. 170, 262; V. 35, p, 51.)
floating debt was $249,070, including $227,660 accrued
Lehigh Coal
interest.
Navigatione-Th* Central Railroad of Hew
Miscellaneous profits
Coal on hand (Dec. 31)
Railroad earnings in Penn.
Interest on investments...
41,025
91,408
535,264
42,810
93,516
727,283
561,948
312,243
“
“
,
Jersey
took, $2,907,850
December#
MISCELLANEOUS
1883. J
STOCKS
AND
BONDS.
ixi
Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
Date
p^ATTilanation of column headings, &c.,
For
flrat page
Adams
Amir
see notes od
of tables.
of
Bonds
American
American
Preterred stock
1874
1,000
1873
1874
£200
1872
1,000
1,000
2,148,000
717,875
495,000
539,000
2,400,000
10,000,000
3,500,000
10,250,000
270,000
752,000
100
500,000
1868
1,000
400,000
3,000,000
7,620,000
500,000
10,000,000
5,000,000
(?)
4,400,000
161,000
5,000,000
10,000.000
5,000,000
5,000,000
1,500,000
1,500,000
6,000,000
100
1,000
100
100
1880
1,000
100
1864
‘ioo
1881
500
100
100
„
1875
1,000
100
1,000
Bonds
100
100
Maryland Union OoaJ—Stock
Mutual Union Telegi'aph—Stock
1st mortgage bonds, gold
New Central Coal—Stock
New York A Straitsvillc Coal A Iron—Stock
New York A Texas Landj Limited)—Stock
Land scrip receivable 75 per cent for lands
1881
1,000
100
100
50
.
Debentures, registered
3
2
pany’s cable was leased to Western Union for 50 years, with a guaranty
of 5 per cent per annum on the,stock, increased to $14,000,000. There is
also a reserved stock of $6,000,000 in trust to be issued if a cable is laid
between Brazil and the United States. (V. 34, p. 548, 662; Yr. 35 p.
373.)
American Coal.—There are mortgage
bonds for $200,000. No annual
The annual report for 1880 gave
report has recently been published.
the following information:
Total assets December 31, 1880—Lands and real estate at mines,
1,542,365; real estate at Jersey City, $100,710; mine improvements,
n.
—15,'”''
$17,000; value of coal on hand, $24,712; office furniture, $513; Chesa¬
peake & Ohio Canal bonds, $8,000; C. & P. Railroad stock, $1,000; G. C.
& C. Railroad stock, $160,000; total, $2,069,377. Directors: James A.
Alexander, John P. Moore, Sidney Wintringham, Gardiner Lloyd, Ben¬
jamin Williamson, Richard S. Grant, William J. Boothe, A. J. Akin.
David Stewart. Gardiner P. Lloyd, President; George Sherman, Secre¬
tary aud Treasurer. (V. 32, p. 287.)
American District Telegraph.—No information has been furnished by
this company. On Feb. 16 notice was given of an increase in. stock to
,000,000, the par of shares to be raised to $ LOO.
(V. 34, p. 203,230,459,
Telegraph— Organized March 23, 1881, under
Route from
Net income reported
Wm. W. Mans, Pres’t, Philadelphia.
(V. 35,
p.
706.)
Boston Land.—The capital stock of 80,000 shares of
the par value
$10 each, or $800,000. Assets of tlio company Jan. 1, 1882: cash.
$139,327; laud in East Boston and Revere, about 700 acres, unincum¬
bered, estimated at $1,829,520. An abstract of the annual reiiort in V.
32/p. 92, refers to the financial policy. (V. 32, p. 92; V. 34, p. 175.)
of
Boston Water Power.—The shares have
strictly no par value. There
85,833 shares called “ proprietary” shares, or the number into which
the property of the company is divided. The assets consist of lands on
and near “Back Bay,” in Boston, put in the company’s report at a valua¬
tion of $4,487,376. Animal report, with statement of financial condi¬
tion, &e., in V. 34, p. 488. (V. 32, p. 182; V. 33, p. 23,99; V. 34, p. 488.1
Canton ImiJrovement.—Tho annual report lor tho year ending May 31,
1882, is in V. 3d, p. 130. A brief history of the company was in V. 30,
p. 117. The company owned tho stock oi the Union RR. Co. and guar¬
anteed its bonds, but sold this stock ($600,000) to the Northern Central
RR. in April, 1882, for $594,000. The Union RR. sinking fund of
$689,885 remains tho property of Canton Co. (V. 33, p. 99 ; V. 34, p.
196, 520; V. 35, p. 130.)
Central New Jersey Land Improvement.—The statement for two years
ending December 31,1881, showed total receipts in 1880 of $72,666
aud in 1881 of $94,255. The balance sheet December 31,1881, gave
the following values of lands owned: Newark lands, $375,738 ; Bergen,
$575,850 ; Elizabeth, $164,950; Westfield, $26,307; Fanwood, $478,408;
Plainfield, $339.456; Duncllen, $346,148; Somerville, $77,861; Clinton,
are
ft,780;and mortgages,$26,345; Phillipsburg, $1,088; total, $2,416,935.
onds
Bloomsbury, $33,890; land contracts, $12,282.
N. Y.,
N. Y.,
& J. N. Y.,
Company’8 Office.
Dec. 1.
Company’s Office.
Q-M.
M. & S.
....
*
*
Jan. 2, 1883
Dec. 12, 1882
*
Nov.
Boston, Office,
s.
12,1872
June, 1884
do
J.
6 g.
6 g.
J. *& *J. London, Brown 8. & Co,
J. & J. New York or London.
7 scrip.
6 g.
2
7
6
6 8
3
1
6
Colorado Coal A Iron.—This company, with headquarters at Colorado
was a consolidation Deo. 13,1879, of the Central Colorado
Improvement Co., the Colorado Coal & Steel Works, and the Southern
Colorado Coal & Iron Co. The company is controlled by Denver & Rio
Grande Railroad parties. Stock is non-aesessable. Gross receipts in
1881 were $1,551,940; net, $403,154, not inoluding land sales. The
full report was in tho Chronicle, V. 34. p. 187. Later report to Aug.
31,1882, in Vol. 35. p. 486. President, W. J. Palmer. (V. 32, p.
V. 34, p. 487 ; V. 35, p. 486.)
36<f;
Consolidation Coal.—The annual report for 1881 was published in the
Chronicle, V. 34, p. 290, and contained the following:
The gross receipts from mines, railroads, rents,
1880.
1881.
<fcc., (incl’g valueof st’ekof coal on hand) were. $2,265,639 $2,417,794
Tot. expeu’s of every kind (exol. of iut. & sink, f d.,
hut iucl. steel rails & all extraordin’ry outlays) 1,771,515
1,982,458
$494,123
$435,335
Net earn'gs iafter ded’et’g int. on bond, debt for ’80
irgs
& sink. id. belonging to ’80, am’ntv
,414
275,708
215,419
—Consolidated mortgage bonds are eld to retire old bonds. Guarantees
also bonds of the Cumberland & Pennsylvania, and assumes
$135,000 of
*he Union Mlaing Company's bpnds. (V. 32, p. *87; Y. 34, p, *00.)
1882
1 QCO
West. Union Tel.
New York, Office.
Sept. 10.1877
7
& D.
Jan.
1, 1904
Jan.
1, 1904
Jan., 1875
....
F. & A.
■
N.Y.,Office,47 William St
N.Y., Co.’s Office, 71 B’y
Jan. 27, 1882
& J.
do
do
Jan., 1885
& J.
do
do
Jan. 1, 1897
A. & O.
New York, Office.
Oct. 15. 1875
M. & N. N. Y., at in. Cent. R. R.
Nov., 1893
J. & J. N. Y., West. Union Tel. July 1, 1882
Nov. 1, 1882
Boston, Treas. Office.
Q.—F.
J. & J. N. Y., Mercantile Tr. Co. July 1, 1901
J.
J.
....
iifl
7
"e*
2
1
!
J. & J.
New York.
Jan.
1, 1886
Jan. 1, 1876
Nov. 1, 1906
....
....
m.'&’n.
M’nthly
New York, 1st Nat. Bk,
New York, Offiee.
New York.
May 1. 1911
Jan. 15,1881
April, 1880
....
*7*
1900
••
cy>
T!:.'
$1,023,100 of above .-slock «tu<I operates tile line
years from Jan. 1,1882, paying 6 per cent per year
Railroad Land.—The total
March 31, 1880. (V. 35, p. 78.)
Iowa
laud
owned
...
on
owns
r 20
.
stock.
was
451.609
Iron Steamboat Co.—Property consists of seven iron
Bonds and stock listed in June, 18S2. Stock, $2,000,000.
acres
steamboats.
Mai'iposa Land A Mining—An assessment of $5 per share was due
March, 9, 1882, and a 30 per cent stock dividend was made on stock
which paid the assessment.
(V. 34, p. 291.)
Maryland Union Coal—Stock placed on N. Y. Stock Exchange, April.
See statement V. 30, p. 466. President, John White, New York:
1880.
Mutual Union Telegraph.—Organized under New York State laws.
Stock was $600,000 aud
afternoon increased $10,000,000.
In
1881 lines were extended to Western cities via Buitaio, Pittsburg, Louis¬
ville, &c., &c.. but in March, 1882, 51,000 shares of stock were pur¬
chased by Jay Gould and others in the Western Union interest, and
afterwards 40,000 shares were transferred to Western Union Co. Liti¬
gation afterward ensued between Jay Gould and the Mutual Union in¬
terest, and lie brought a suit to have the charter annulled on the ground
of the unauthorized increase of capital stock.
V. 34. p. 205, 231, 292, 336, 366, 604, 637; Y.
(V. 33 p. 201, 25o, 622;
35,
22, 189, 393, 516,
p.
545, 576, 637, 658.)
Neto Central Coal (Md.).—'The annual report for 1881 had the follow¬
ing statement of profits for 1881:
•
STATEMENT OP PROFITS FOR
1881.
1881.
Dec. 31.—Balance to credit of coal account
Dec. 31.—Coal on hand, at cost
Less freight and taxes due
$1,189,717
$55,517
8,887—
46,630
$1,236,347
Deduct amount paid for railroad aud canal freights
tolls, mining, office and shipping expenses, salaries
interest
and
and
$1,157,499
Net
earnings for the year
-(V. 32, p. 31* ; V. 34, p. 314.)
$78,848
New York A StraitsviUe Coal A Iron.—Has
admitted to New York Board April, 1880.
$300,000 bonds.
The stock
New York A Texas Land—This
company owns the lands granted to the
International and Houston *fc Great Northern railroads, about 5.000,000
acres,
which were given in settlement to the holders of convertible and
second mortgage bonds. Each holder of a $1,000 second mortgage or
convertible bond and unpaid coupons, or purchasing committee certifi¬
cates, of the International and Houston & Great Northern railroad
receives
$300 stock and $1,200 laud scrip of this Company.
Northwestern Telegraph.—This company own3 8,000 miles of wire and
is leased to Western Union for 99 years, with guaranteed dividends of
4 per cent at first, rising one-eighth pei* ceut a year to 6 in 1897 and
afterward. The bond interest is guaranteed. (V. 33, p. 358.)
Pacific Mail Steamship.—In
February, 1880,
an
agreement
was
made between this company aud the Pacific Railroads, by which the
railroad company gave to the steamship company a monthly subsidy
of $110,000. In November, 1881, it was terminated, and in Feb., 1882,
the amount was made $95,000 per month, and six months’ notice is
required to terminate the agreement. On April 30, 1882. the com¬
pany’s liabilities were $1,684,647, which included $1,293,207 loans due
to Panama RR. Co., and $116,320 unpaid bills in New York and San
Francisco. Report for 1881-82, in V. 34, p. 635.
The following is a statement of the earnings aud expenses for the
years
ending April 30,1880,1881 and 1882:
Springs, Col.,
Whom.
Pay’ble
J.
Stocks—Last
Dividend.
Payable, and by
Authorized capital. $1,000,000.
New York City to Washington, via Philadelphia.
Net receipts..
Where
International Ocean Telegraph
American Telegraph A Cable Co.— Owns two cables between Sennon
Cove, England, anti Dover Bay, Nova Scotia. The stock of $10,000,000
was partly paid up, and in April, 1882, a poolin
arrangement was
made with the other cable companies for 38 years, by which this com¬
pany receives 22*2 per cent of combined revenues wnile both its cables
are working and 12*2 per cent if only one is working.
Then this com¬
?7 V. 35, p. 455.)
73;
pal,When Due
When
’
id
322.515
Adams Express.—No reports; no information.
$30,750.
2
2h
2*2
4,720,815
Mary'uma coal—Stock
about
per
Cent.
50
bonds (lor $500,000)
Bankers* A Merchants’
laws of New York State.
outstanding. Rate
*10
Water
Mortgage
Value.
Bonds—Prinol
INTEREST
Amount
14,000.000
1,500,000
2,400,000
18,000,000
300,000
800,000
Telegraph—Stock
Power—Stock
Mortgage bonds (for $2,800,000)
Canton Improvement—Stock
Sterling bonds (sinking fund one-iiftli of land sales)
Mortgage bonds, gold, sixes (for $2,500,000)
Central New Jersey Land—Stock
Colorado Coal A Iron—Stock
1st consol, mortgage, gold
Consolidation Coal of Maryland—Stock
1st mortgage (convertible)
1st mortgage, consolidated, convertible
Cumberland Coal eC Iron—Stock
Dunleith A Dubuque Bridge—Bonds, sinking fund
International Ocean Telegraph -Stock
Iowa RE- Land <7o.—8tock
Iron Steamboat Company—Bonds
Mariposa Land A Mining—Stock
Boston
par
100
25
100
100
Coal (Maryland)—Stock
District Telegraph,—Stock
Express—Stock
nnnkers* A Merchants*
Boston Land—Stock
or
$100 $12,000,000
Express—Stock—
Tel. A Oa&fe—Stock ($20,000,000) guar. 5 by West.U
American
Size,
EARNINGS.
1879-80.
Atlantic Line
Panama Line
Victoria Line
Trans-Paoiflo Line
Australian Line
Austral’n & N. Zea’ld subsidies..
Cent. Am. &Mexioan subsidies..
British Columbia subsidy
Hawaiian Government subsidy.
Interest and divs. on investm’ts.
..
Miscellaneous
Exchange
1880-81.
1881-82.
$60u,915
$745,344
$693,065
1,531,677
1,950,507
1,675,777
201,978
930,657
321,215
176,411
118.366
38,000
6,500
12,464
29,094
80,887
973,472
307,073
203,550
99,416
1,058,370
334,870
208,931
90,463
2,605
Total...
$3,969,882
Expenses...
3,519,821
4,222
3,000
12,897
18,2*5
4,050
$4,402,647
3,172,705
8,000
13,663
37,698
3,876
$4,124,713
3,223,036
Net earnings
$901,677
$450,061 $1,229,942
-(V. 32, p. 265, 575, 613; V. 33, p. 102, 256, 528, 561, 642; V. 34, p
178,625, 635.)
Ixii
MISCELLANEOUS
Subscribers will confer
a
STOCKS
AND
For explanation of column
headings, Ac., see notes on first
page of tables.
estern
Date
of
Size,
1,180,000
20,000,000
5,000,000
Bonds, sterling debenture, convertible till April, 1881
'Quicksilver Mining—Common stock.'
Preferred 7 percent stock, not cumulative
Railroad Equipment Co.— Stock
Coupon bonus. (See remarks below.)
St. Louis Bridge <£• Tunnel RR
Bridge stock,common
..
1878
1875
Var’s.
1.500,000
1864
1880
1876
*
1865-324907.,
ioo
1872
1875
1875
1,000
1,000
UlOOAo
a minimum, and 12
p.c. divs. paid.
Pullman Palace Car.— For extension of works
stock was issued at
par to stockholders in 1881, and
$2,523,600 more was offered to
stockholders of record on Feb. 18, 1882,
making total stock as above
when all issued. Annual
report V. 35, p. 319. Tlie income account for
t hree years was as follows:
1879-80.
1880-81.
1881-82.
Revenue—
Profit and loss
incl’d)
bonds
capital stock...*.
on
2,995,496
636,777
139,134
179,136
264,000
168,979
768,310
175,499
472,876
132,600
264,000
191,867
482,166
Net result
Balance of account for
1,860,902
774,566
rebuilding, Ac.
33,623
2,014,442
981,054
V.
3,737,538
Quicksilver Mining.—Bonds paid off July, 1879.
is entitled to 7 p. ct.
per annum, not
to the common and
preferred equally.
A. & O. N.Y., West. Union Tel
|J. & D. N. Y., Company’s Olliec.
New York,
do
London.
1
Q.-F.
M. & S.
J. A J.
1*4
6,250,000
80,000,000
1,373,000
3,920,000
941,382
New York, Office.
New York and Loudon.
New York, Office.
New Yora, Office.
N. Y., Union Trust Co.
N. Y., Treasurer’s Office
4
1*3
Q.-J.
l*
M. & N.
M. & N.
M. A S.
6g.
Spring Mountain Coal Co.—This is guaranteed 7 per cent
per year till
Lehigh Valley Railroad.
Sterling Iron ct Railway.— The property of this
company, in Rockland
and Orange Counties, N. Y., consists of
25,000 acres of land, with furaiuces. Ac., having a
capacity of 15,000 tons of pig iron per year, and
8*2 miles of railroad, houses, Ac. The
bonds of the Sterling Mmmtain RR. company endorses the $471,674
A. W.
Humphreys, President, 42
Pine Street, N. Y.
1885 by
Sutro Tunnel— Tunnel on Comstock Lode for
facilitating mining oper.aliens. New management elected
March, 1880.
Annual report pubished in Chronicle of April 24, 1880. See
V. 30, p. 249; V. 34,
p. 452.
United States Express.—No reports.
United Staff's Rolling Stock Co.—The
assets, Dec. 31, 1881, amounted
to $4,058,470 in locomotives and
cars, and total including
$5,635,496. The net income in 1881 was $329,771 over all shops, Ac.,
charges.
Wells, Fargo & Company Express.—A*, increase in
capital to $6,250,was made in 1879.
OOO
Western Union Telegraph—On the
practical consolidation with the
Atlantic A Pacific in 1878 the Western Union had
a
graphing business in the United States. In 1879 the monopoly of tele¬
American Union
was started under the auspices
of Mr. Jay Gould. Tue
Western Union Co. divided up its
surplus stock, making a scrip dividend
of 17 per cent to stockholders
of record June 20, 1879.
On Jan. 19,
1881, was dated the grand consolidation, in which the
Western Union
a^iiaed its stock to *80,000,000,
giving par, or
for the stock
April 1, 1928
1, 1884
Jan.
Oct., 1882
11,1882
Dec.
Jan. 1, 1891
Nov.
-
,
15,1882
fl>
Jan. 15, 1883
Jan. 15, 1883
May, 1902
May, 1900
London, Morton, R. A Co March 1,1909
injunction
Jay
associates obtained
a
was
obtained
majority of the
quarter ending Jan. 1,1883,
on
follows.
was as
$2,150,000
$106,850
20,000— 126,850
bonded debt
$2,023,150
1,199,800
Surplus for quarter.
Add
$823,350
surplus of Oct. 1, 1882
2,667,097
Surplus Jan. 1, 1883
$3,490,447
From the annual
report published in the
405, the following was given for tho fiscal year Chronicle, V. 35, p.
ending June 30,1882.
The revenues, expenses and
profits were as follows:
1,011,536
;
p. 178.)
Jan. 1, 1883
July 1, 1884
April 1, 1883
April 1, 1894
Net income for quarter
Deduct dividend for quarter
1,139,672
St. Louis Bridge <C Tunnel
Railroad.—The railroad and tunnel were
sold under the mortgage of
1873, July 1,1878. Foreclosure under the
first and second
mortgages on the bridge was made Dec. 20, 1878.
On July 1, 1881, the
bridge and Tunnel Railroad were leased to the Mo.
Pacific and Wabash St. Louis A Pacific for
the term of their cor¬
porate charters.Of the stock $2,490,000 is 1st
preferred, which
is guaranteed 5
per cent till January, 1885,
$3,000,000 2d preferred, which is guaranteed 3 and then 6 per cent;
per cent per annum,
the
first semi-annual payment
being July 1, 1884; and $2,500,000 common. Tho common stock was
held by the London
Reorgani¬
zation Committee., and under the lease
was transferred to
Mercantile
Trust Company of N. Y. with power to vote
thereon. The Tunnel Rail¬
road stock is guaranteed 6 per cent
per annum. (V. 32, p. 659; V. 33,
p. 22, 125, 224: V. 34, p. 86.)
7,000,000
5,000,000
Deduct interest
2,597,866
principal and interest of the special series of bonds
issued by the Equipment Co.
running for similar periods. The title
remains in the lessor till last
payment is made, and then vests in the
purchasing railroad. In the meantime the title is held in trust
by the
Fidelity Trust A Safe Deposit Co. in
Philadelphia, trustee for bond¬
holders.
$15,000,000,
Y., Drexel, M. & Co.
Oct. 1, 1896
Sinking funds
169,043
870,937
Equipment Co.—This company leases equipment to railroads
on the “ Car Trust”
plan, advancing cash for the
ing obligations of the railroad companies running rolling stock and tak¬
from 3 to 60 months,
which cover the
opposition line
J. N.
Net profits.
Railroad
Aug. 15, 1892
3 mos. to 5
yrs.
& J.
do
do
! A. a o. New York and London.
J. & J. N. Y., Drexel, M. & Co.
i
207,156
148,427
264,000
The preferred stock
‘33,
do
|a.’& O.
Feb.
(partly estimated),
cumulative, and any surplus goes
(V. 32, p. 336; V.
*&
1, 1904
Sept., 1868
Nov. 1, 1882
Nov. 1, 1882
Feb. 15, 1887
Oct. 15, 1888
April 1, 1885
Aug. 17, 1881
Aug. 17, 1881
N, Y., Clark, Post A M.
(?)
do
!J.
!*
917,308
20, 08, 115, 147
35, p. 298, 319.)
A
Mutual Union Telegraph stock of
128,136
Balance of surplus for the year
740,943
981,054
Paid 1*2 per cent extra dividend Oct.
1, 1882.
—(V. 32, p. 44. 336, 396, 579; V. 33, p. 302; V.
34, p.
Jan.
$10,000,000, and so stopped its oppo
sition. The Western Union also leased the
American Cable, with a guar¬
antee of 6 per cent
per annum on its *$10,009,000 stock, raised
to
$14,000,000.
The last quarterly
statement for the
20,995
Total disbursements
Y.,West. Un. Tel. Co. Jan.
1, 1883
do
do
against the stock distribution and litigation
ensued, and after a de¬
cision at first m favor of the Western
Union, the stock dividend was’
afterward in November, 1882, declared
illegal by the General Term
of the New York
Superior Court; actions was
subsequently begun to
restrain the payment of
dividends, Ac. (See V. 32, p. 124, Ac.; Y. 35,
p. 546.)
In March, 1882,
Gould and
339,321
•
Dividend.
and bonds of the American
Union; 60 per cent for old Atlantic A
Pacific
stock was given in new Western
Union; and a stock distribution of 384
per cent to Western Union shareholders. An
$
2,815,986
582,231
13,109
2,635,468
Prop’ll of expenses, Ac., other assoc’ns
Dividends on
Prcfitand loss
14,022
42,213
Total revenue
Disbursements—
Coupon interest
527,903
$
2,355,267
481,573
145,547
&
&
&
495,575
18,920,000
600,000
Too
ioo
J.
213
313
60,000
10
1879
2^2
1*2
418,000
Due
Stocks—Last’ ~
N. Y., Ill Broadway.
N. Y., Farm L. & T. Co.
do
do
d^
do
O.
do
do
O. Lond’n, J.S.MorganACo
A.
A.
Quar’ly
2,300,000
1,000
J. N.
J.
Q.-F.
6
2,500,000
2,490,000
3,000,000
5,000,000
1,250,000
948,000
50
1.000
500 &c.
A.
A.
F.
F.
21*
9i4
21-2
500,000
(?)
50
Pennsylvania Coal—Liabilities at
Proportion of earnings other assoc’ns.
Patent royalties and mauuf. profits...
5,708,700
4.291,300
''
Wells, Fargo <£- Company Exjrress—Stock
Western Union Telegraph—Stock
Real estate bonds, gold,
sinking fund
Bonds, coup, or reg., conv. till May, ’85, sink. fd. 1 p. ct.
Sterling bonds, coupon (sinking fund 1 p. ct. per annum)
$'
49.500
&
&
^^-Principal,When
Q.-F.
Q.—F.
Q.-F.
Q.-F.
8
7
7 g
25
Southern <& Atlantic Telegraph—Guaranteed stock
Spring Mountain Coal—Stock, guar. 7 per ct. by L. V
Sterling Iron <£ Railway—Stock
Mortgage bonds, series “A ”
Mortgage bonds, income, series “B”
Plain income bonds
Sutro Tunnel—Stock
Mortgage bonds (for $2,000,000)
United States
Expi'css—Stock
United States Rolling Slock—Stock
2,031,300
820,000
1,000
J.
J.
2
1,000
1879
Where Payable, and by
Whom.
Pay aide
8
911,000
100
100
109
When
(?)
445,000
£100
100
100
100
—
1st preferred stock, guar
2d preferred stock, guar
1st mortgage, new, sinking fund
Tunnel P R. of St. Louis,
stock, guar
2
7 g3
12,574,400
1,000
1,000
1,000
1872
Bonds, debenture
Rate per
Cent.
$2,500,000
50
100
1872
Rental of leased lines
Amount
Outstanding
'ioo
Pullman Palace Car—Stock
Bonds, 3d series
Bonds, 4th series
Ope,rat’g expenses (leased lines
Maintenance of upholstery, Ac
or
$50
Bonds, interest guaranteed
Pacific Mail Steam sh ip—Stock
Pennsylvania Coal—Stock
Tables.
INTEREST OR DIVIDENDS.
Par
Value.
Bonds
Telegraph— Stock
Earnings (leased lines included)
[Vol. XXXV.
great favor by giving immediate notice of any
error discovered In tliese
DESCRIPTION.
*'f
BONDS
Surplus at beginning of
1881-82.
year
$$127,258
Gross revenues of the years
end’g June 30.
14,060,806
$17,241,423
$14,464,061
9,996,095
8,420,165
$6,043,896
$4,798,473
Expenses (including leased line rentals and
taxes)
17,114,165
$7,245,328
Total income
$3,732,633
Net income
From which there was
applied:
For dividends
For interest on bonds...s-rrv;-..
For sinking fund appropriations:.
427,091
40,097
Total
$5,265,662
$1,979,666
Leaving
Const’n
new
lines A wires, teleg. stocks, Ac.
Balance
1880'81
$403,255
315,425
$1,664,241
.
427,455
40,005
$4,200,094
$1,843,802
1,716,542
$127,260
In 1881-32 the amount
($315,125) charged for new lines, Ac., was for
the first quarter only, hut in the
previous year, 1880-81, the expenses
for new lines, Ac., were
charged during the whole year against net earn¬
ings, and amounted, as shown above, to $1,716,542; if the same
amount
had been charged in
1881-82, the balance for the year as above given
would appear as $1,401,117 less, or
$263,124.
This balance, together with the balances of
previous years, is rep¬
resented in the profits and disbursements of
the company, for sixteen
years, from the date of the general
consolidation—July 1, 1866. The
general exhibit of the company showed the nominal
surplus
1882, of $18,508,974, out of which the stock dividend was to June 30,
declared in
1881 to the amount of
$15,526,590, leaving a nominal balance of
$2,982,384.
The following statement shows the
mileage of linesand wires, number
of offices, and traffic of the
company, for each year from June 30,1866,
to June 30, 1882 :
Miles of
Line.
Years.
..
..
..
..
..
..
..
..
..
..
..
..
..
1x78-79
..
Miles of No. of
Wire. Offices.
37,380
46,270
50,183
75,686
85,291
97,594
52,099
54,109
56,032
62,033
65,757
71,585
72,833
73,532
76,955
81,002
82,987
—(V. 33. p. 282,
35,
p. 189,
104,584
112,191
121,151
137,190
154,472
175,735
179,496
2,250
2,565
5,879,282
3,219
6,404,595
3,607
7,934,933
3,972
9,157,646
4,606 10,646,077
5,237 12,444,499
5,740 14,456,832
Net
Receipts.
Receipts.
6,568,925
7,004,560
7,316,918
7,138,737
$....
2,624,919
2,641,710
2,748,901
2,227,965
............
6,188
6,565
7,072
7,500
8,014
211,566 8,534
233.534 9,077
327,171 10,737
374,368 12,068
305,411; V. 34,
183,832
194,323
206,202
No. of Messages Sent.
16,329,256
17,153,710
....
7,637,448
2,532,661
8,457,095
9,333,018
2,790,232
2,757,962
9,262,653
2,506,920
9,564,574
3,229,157
12,782,804
14,393,543
17,114,165
5,833.937
18,729,567 10,034,983 3,399,509
21,158,941
9,812,352 3,140,127
23,918,894
9,861,355 3,551,542
25,070,106 10.960.640 4.800,440
29,215,509
32,500,000
5,908,279
7,118,070
292, 336, 366, 399,575, 688; V*
38,842,217
p.
310, 339, 393, 421, 427, 546, 559, 699,737-J
’
1
BANK AND INSURANCE STOCKS AND RAILROAD EARNINGS.
DBC. .-1882.
STOCK
BANK
COMFANiES
iSftkusr)
gre not
Natl.
Capital.
Surplus
Par Amount.
Period. 1881. 1882.
&
&
&
&
&
&
&
&
5,000,000 1,072,900 M.
250,000| 228,800 J.
1,000,000 1,345,300 J.
300,000
212,200 J.
2,000,000 614.100 J.
300,000
222,900 J.
215,500 J.
450,000
J.
N.
J.
J.
J.
J.
J.
J.
7
7
10
16
7
8
8
6
100
7
15
8
7
10
7
0909228778811190.-
People’s*...
Phenix
Produce*...
Republic....
St. Nicholas.
Seventh W’d
Second
422,700
235,000
•
•
Siioe& L’thr
8ixth
State of N.Y-*
Third
Tradesmen’s
Union
U. States
100
Wall Street. 50
WestSide*.. 100
500,000
200,000
7
10
Surplus,
July 1,
G
8
7
6
7
14
8
10
7
14
8
10
7
8
8
8
8
3
7
6
7
10
G
9
G
8
8
7
7
8
8
7
7
7
6
G
7
8
Jan., ’83. 4
Jail.,’83. 4
Jan.,’83. 4
Jan., ’83. 5
Jan., ’83.25
Jail.,’83. 3*2
Jan.,’83. 3*2
Jan.,’83. 4
Jail.,’83. 5
Aug.,’82. 5
Jan.,’83. 3*2
Jan.,’83. 4
July,’82. 3
Oct., ’82.10
Jan.,’83. 4
Nov.,’82. 3*2
Oct., ’82. 5
10
8
10
G
8
& J.
& J.
& J.
& J.
& J.
& N.
tte J.
& J.
& N.
7
G
15
8
G
7
7
8
10
j.
.
8
7
3
20
8
G
Jan.
4
10
70,249 10
10
25
300.000
425,060 10
25
200,000
153,000
300,000
210,000
334,417 16
20
16
20
10
10
Bowery
Broadway...
.....
Brooklyn (+).
Citizens’
t
...
City
Clinton
Commercial.
Continental t
Eagle
Empire City.
Exchange....
Farragut....
Firemen’s
...
Firemen’s Tr.
Franklin Sc E.
German Am.
Germania..
Globe
Greenwich
Guardian....
Hamilton..
Hanover
Home
Howard
.
..
Import. & Tr.
7
Jefferson. ..t
Knick’bock’r
Lafayette (J)
LongIsl.(+) .t
Lorillard
Man.& Build.
Manhattan..
....
Jan., ’83. 5
July,’82. 3
Nov.,’82. 4
Jan.,’83. 4
July,’82. 4
Aug.,’82. 3*2
Jail.,’83. 3*2
Jail.,’83. 3
Nov.,’82.
Jam,’S3.
Jau.,’83.
Jan.,’83.
July,’74.
5*2
Mecli.&Trad.
Meeli’uics’ (*)
Mercantile
Merchants’..
..
Montauk(j)..
NassauC)....
2*2
4
5
3
3L>
Aug.,’82. 4
Jau.,’83. 3*2
Jam,’82. 3
17
20
70
100
50
loo
40
100
30
50
17
10
100
100
50
50
25
100
15
50
100
50
50
100
30
20
40
50
25
100
100
25
50
50
50
50
50
207,112
471,557
167,963
133,396
96,075
250,000
200,000
1,000,000 1,425,339
300,000
662,169
53,055
69,119
200.000
200,010
200,000
204,000
150,<)00
119,231
1,000,000
1,000,000
200,000
200.000
200,000
150,000
10
10
150,000
8 4,077
210,000
150,000
300,000
300,000
200,000
250,000
12
July, ’82. 6
July, ’82. 21*
Julv, ’82. 5
6
10
12
12
10
30
6
July, ’82.
Aug.. ’82.
8*2
11
12
10
10
Apr., ’82. 719
July, ’82.
July, ’82.
10
July,
10
30
July,
July,
5*2
July,
July,
1213
10
10
10
10
10
10
10
July,
July,
5
8
Jan.,
Julv,
10
none.
10
July,
10
Sept.
20
20
July,
Jam,
July,
July,
•
none. none. none.
10
10
10
88,575
10
105,264 10
none.
3
13,489 8
12
7
164,363 12
10
18,591 10
5
14
11
193,516 12
10
10
165,749114
7
16,153 10
,8
5
10
144,632 10
10
10
78,368 10
14
14
162,593 14
10
10
81,181 10
10
8*2
326,850 10
10
10
71,160 10
14
14
602,536 13
8
8
95,142 8
20
16
376,519 20
12
12
100,793 12
20
16
206,051 18
10
10
100,145 11
10
10
502.98^110
14
14
172,453 20
151.409 12-46 12-46 7
9
none.
18,306 10
none. none.
28,044 7
10
10
143.498 10
10
50,442 10
none.
10
10
232.778 10
10
10
171,413 10
20
20
439,971 20
...
250,000
200,000
200,000
}
15
7
8*2
10
200,000
J ul V, ’82.10
J nly. ’82. 5
Aug., ’82. 5
July, ’82. n
July, ’82. 5*
’
289.119 10
195,757 20
200,010
Aug., ’82. 7
14-35 14-70 July, 8217-35
700,409 10
1,000,000
July, ’82. 5
July, ’82. 5
July, ’82.10
S*2
10
20
14
20
lO
10
10
10
15
7
10
12
3,0! 0,000 1,661,572 10
500,000
87,804 10
36-,685 10
200,000
200,000
1,86-1 7
20. >,000
200,000
'
---
...
20
20
10
10
10
13*77
15
7
10
15
7
10
11
10
12
10
30
45,464
40,917
145,704
1,388,446
/ 35jD40
121,458
306,397
16,279 GLj
115,924 12*2
200,000
50
Last Paid.
$
National
37*2
200,000
N.Y Eq’table 35
210,1)00
N.Y. Fire.... 100
200,000
50
500,000
Niagara
North River.
25
350,000
Pacific
25
200,000
100
Park
200,000
Peter Cooper 20
150,000
50
200,000
People’s
50
1,000,000
Phenix(’)
25
200,000
Rutgers’
50
Standard
200,000
Star
100
5U0.000
100
350,000
Sterling
200,000
Stuyvesant.. 25
Tradesmen’s 25
300,000
250,000
Unit’d States 25
10
Westchester.
300,000
250,000
W'lusbg C. (t) 50
-
.
-
Jan.,
July,
Jan.,
July,
Julv,
July,
Jam,
J uly.
J uly,
July,
July,
6fc
’82. 5
’82. 5
’82. 7i*
’82. 3
’82.
’82. 5
’82. 5
’82. 5
’82. 3
’81. 5
’82. 5
’82.10
’79. 5
’82. 5
’82. 5
’82. 3
’82. 3
’82. 5
’82.
’82.
’82.
’82.
5
5
3
5
’82. 5
’82. 7
’82. 5
’82.
5
Aug. ’82. 5
J uly, ’82.
Apr., ’82.
July, ’82.
July, ’82.
July, ’82.
J uly, ’82.
Ju y, ’82.
July, ’82.
7
4
8
<>
6
5
5
7
July, ’82.
July, ’81. 4
Aug., ’80. 31*
July, ’82. 5
July, ’81. 5
’82. 5^
AUg., ’82. 5
July, 62.10-
July,
July, ’82.10
Jan.,’83.
4
July,’82. 3
*
Jan., *83. 3*2
Nov.,’82. 5
Jan.,’83. 3
10
Jan., ’81,10
EARNINGS
Feb.
Irving
Kings Cq.U)
Jan.,’S3. 4
Jan.,’83. 3
Jan.,’83. 3
Jan., ’83. 3*2
Jau.,’83. 3
July,’82. 3*2
1880. 1881. 1882.
548,Gil 10
3
3*2
Jan.,’83. 4
Dividends.
$
400,000
200,000
7*2 Nov.,’82. 4
7
Jam,’83. 3*o
7
10
LIST.
America ni... 50
Aiuer. Exch. 100
....
Jan.,’83, 4
July,’82. 5
National banks and Dec.
MONTHLY
3
8
7*2 Jan ’83. 4
10
Jau.,’83. 5
10
& A.
for
Jan..’83.10
7*2 Aug.,’82. 4
8
Jan.,’83. 4
-
8
G
G
7
G
7
10
8
7
6
J. &
Jan.,’83. 4
Nov.,’82. 3*2
Jan.,’83. 5
Aug.,’82.
Mav, ’82.
Nov.,’82.
Nov.,’82.
Jail.,’83.
Jan.,’83.
1882.*
Amount.
.
G
8
G
G
& J.
& J.
& J.
;
Figures are of date Oc
1882, for the State banks.
8
7
8
128,500! J. & J.
t
40
.
500,000
...
7
7*2
Q.-F.
100 2,000,000 1,200,900 J.
123.600 J.
25 200,000
20 1,000,000
259.300 J.
50
125,000i
1,000
100 1.500,000 794.600 F.
100
500,000
223,000 J.
100
74,700 J.
300,000
100
112.800 J.
300,000
100
198,200 J.
500,000
100
47,000 J.
200,000
100
800,000 428.500 M.
100 1,000,000
34 4,700 J.
40 1,000,000
312,800 J.
50 1,200,000
821,700 M.
G
IO
40
Trad.
•
8
7
10
18
8
10
8
9
100
7
10
8
9
6
Q.-j.
50
Latest.
$
100 3,000,000 1,091,500 J.
&Di
Park
PITAL.
Companies.
dates.t
STOCK
Net
Dividends.
100
100
Bowery
25
Broadway-- 25
Butch’s
100
Central
100
Chase
25
Chatham.... 100 300,000 3.796.800 Bi-m’ly.
Chemical.. - 25
J. & J.
Citizens’.... 100 600,000 195,300 J. & J.
1,000,000 1.837.200
city
100 5,000,000 3,133,700 J. & J.
Commerce .
J.
Continental. 100 1,000,000 302,000 J. & A.
100 1,000,000
947.800 F. &
CornExob.*.
25
90.100 J. & J.
250,000
EastKiver
36.200 J. & J.
100,000
Xlth Ward*. 25
51,900 J. & J.
150,000
Fifth....---- 100
100.000
364.100
Fifth Ave*.. 100
100
500,000 3.273.800
First
fourth—-- 100 3,200,000 1.269.200 J. & J.
383,700 M. & N.
30
600,000
Fulton
50 1,000,000
933.800 A. & O.
Gallatin
18.100 J. & J.
Garfleld .... 50 200,000
Germ’nAm/ 75 750,000 165,400 F. & A.
Germ’n Ex.* 100 200,000 138,200 May.
Germania*.. 100 200,000 142.600 M. & N.
41.200 M. & N.
Greenwich*. 25 200,000
467,000 J. & J.
Hanover.... 100 1,000,000
100 1,500,000 2,378,400 J. <fc J.
Imp.&
175.600 J. & J.
500,000
Irvmg . - - - •- 50
600,000
472,000 J. & J.
Leather Mfr. 100
300*000
8,600
Linooln .... 100
200,000
Madis’n 8q* 100
Manhattan * 50 2,050,000 1,089,700 F. & A.
100
131,000 J. & J.
400,000
Marine
100
500,000
353.100 J. & J.
Market
Mechanics’. 25 2,000,000 1.170.300 J. & J.
47.500
200,000
Mech. & Tr. 25
212.300 J. & J.
Mercantile.. 100 1,000,000
758.100 J. & J.
Merchants’. 50 2,000j000
200.500 J. & J.
Merch. Ex.. 50 1,000,000
Metropolis *. 100 300,000 130.400 J. & J.
Metropolit’n 100 3,000,000 1.562.300 J. & J.
10,600
Mt. Morris*.
100,000
100,000
1067700 J. & J.
Murr’y Hill* Too
Nassau*..... 100
500,000
105.800 M. & N.
New York ..1100 2,000,000
851.800 J. & J.
53,300 J. & J.
N. Y. County 100
200,000
N. Y.N. Ex. : 100
300,000
97.500 F. & A.
Ninth
100
J.
750,000
191.300 J.
N. America* 70
218,000 J. & J.
700,000
77,200 J. & J.
North Kiv’r* 30
240,000
228.400 J. & J.
Oriental*... 25
300,000
Pacific*....
INSURANCE
at latest
$
^nerica*-A®- Exch. .
LIST.
Ixiii
March. April.
1G,
Over all liabilities,
t Surplus includes
including re-insurance, capital and scrip,
scrip.
(t) Brooklyn.
The
following companies have been omitted from the above
table, viz.: Columbia, Hoffman, Lamar, Lenox, New York City, Relief
and Republic. These companies, with the exception of the Relief, dis¬
continued business in 1881 and are now in liquidation. The Relief lias
retired from business since January, 1882.
OP
PRINCIPAL
July.
June.
May.
RAILROADS.
Aug.
Sept.
Oct.
Alabama Great Southern—
*
$
$
$
$
$
*
$
$
$
(295 m.)..
55.401
51,227
47,525
62,511
58,701
67.553
47,829
45,344
40,821
44,145
(295 m.)..
58,500
63,546
63, is?
70,328
80.875
57,982
02,490
51,735
53,293
52,307
1862
(295 in.).,
60,575
66,733
73,791
77,793
63,885
61,011
88,674
54,190
57,005
54,353
Atchison Topeka & Santa Fe—
(863 to 1,167 m.).,
314,732 369,107
469,453
516,765 593,311
503,603 546,182 603,582 410,808
761,893
(1.167 to 1,510 m.).,
481,103
478,331
674,229
651,090
657,536
800,730 932.122
677 803
747,012
696,966
(1.540 to 1,789 in.).,
743,208 558,481
902,303 948,479 1,046.125 1,197,550 1,003.633 1,000.640 1.155.809 1,203,023
1882.
(1,789 to 1,820 m.)., 1,076,700 1,055,009 1,293,073 1,164,335 *1153011 *il4i000 *1037000 *1221915 *1302535 *14j2023
Nov.
$
61,155
78.257
Dec.
$
61,669
80.912
64.3.921
019,484
847,215
6.381.443
8,556,975
93,09?
664.512!
903,728
1,303,385
I TotaE
789,428
1,458,752 12,584,508
Burlington Cedar Rap, Sc No.—
(435
(492 to 564
(564 to 539
(020 to 689
m.).,
m.).,
in.).,
in.).,
117,3-32
184,316
167,750
111,924
188,325
148,551
100,132
141,652
134,680
116,950
110,179
165,171
124,510
153.378
235,912
252,833
225,630
149,504
165,639
221,107
178,334
199,278
211,257
(2,178 to 2,381 m.).. 1,089,166
.....(2,301 to 2,586 m.).. 1.200,614
(2,586 to 2,775 m.).. L ,602,907
1882+
(2,862 to 3,107 m.)., 1,830,469
Chesapeake Sc Ohio-
1,056,691
1,070,487
1,454,218
1,720.615
1,280,272
1.373,433
1,709,638
1,969,737
102,077
103,681
184,389
132,172
222,762
228,479
179,058
1881
Central Pacific-
(437
(437
(437
(504 to 517
m.).,
m.)..
m.)..
K8,667
202,335
162,540
208,746
97.277
107.990
143,432
122,327
154,795
171,524
160 160
201.991
189.330
193,419
174,351
198,275
2)9,112
224,920
179,80-4
2-1,80 i
221,748
1,534,949'
2,053,482
202,180
232,812
261,439
300,155
2,259,037
278,429
1,649,429 1,809,022
1,488,142
2,199,466
2,297,971
2,242,000
1,406,600 1,579.591 i,443,oas 1,458,833 1,556,457
1,856,716 i ,77S,483 1,724,950 1,840,007 1,973,438
1,872,370 2,091,41 L 2,150,382 1,899,316 2,088.519
2,054,637 2,342,298 2,229,105 2,670,618 2,31)0,50 (
225.096
224.092
247.303
24 ,144
271,381
316,787
381,454
332,219
351,310
148,074
240,795
235,585
*287,850
447,794
617,524
536,843
708,900
676,205
583,832
761,120
760,751
628,811
767.340
668,163
785.190
178,824
199,443
252,235
148,457
214,255
241,135
233,238
215,445
267,454
257,039
(678 to 840 m.)..
343,737 307,681
327,370
(840 m.)..
524,054 497,013
626,473
(840 to 846 in.)..
490,120
474,318
529,915
(840 m.)..
585,830 517,897 538,70j
Chicago Burlington
Quincy(1,709 to 1,857 m.)., 1,105,098 9S2.377 1,071,733
(1,857 to 2.772 m.). 1,432.740 1,411,870 1,732,518
(2,772 to 2.924 m.).. 1.807.948 1,03 4, *2! 1,418,149
(2,9^4 to 3,184 m.).. 1,653,834 L,457,300 1,566,217
Chicago & Eastern Illinois—
1879*
(152 m.)..
68,167
60,363
67,025
335,393
542,961
558,1 0
421,937
Chicago Sc Alton-
1880*
1881*
1882*
m.).,
2,495,445 2,424,529
215,605
259,110
202,858
173,333
221,559
227,343
162,611
1,96 4.997 2.120,229
2,185.303 2.507.8 .7
616,128
518.555
615.810
*561,787 *553,412 *013,886 *671,537 *800,624
W79
771,700 771.814
*881,100 *812,032
1,018,755' 1,171,303 1,100,903
993,823 1,315,559 1,48-4,316 1,709,932
1,489,894 1,900,627 1,682,956 1,773,643 l.a-U.321 1,862.285 1,934,762
1,574,371 1 ,07h,45G .2.083,8 >2 1,838,958 2,173.945 2.262,931 2,031.001
75,300
60,989
66,315
60,437
82,019
65,334
(152 to 220 m.).
131.7)7
72,466
83,265
88,278
131.904
R3.689
93,234
114,120
111,800
125 456
(220 to 230 m.).
121,637
117,119
134,070
125,130
150,915
156,497
117,290
14-1,879
(230 to 240 m.)..
149,588 124,624 138,236
126,284
143, L3 132,015 150,739 167,627 172,77?
Milwaukee Sc St. Paul.(1,729 to 2,250 in.).,
591,176 476,667 632,898 678,439 857,323 793,059 773,173 733,736 1,018,806
738.749
(2,256 to 3,7.5 m.)..
764,298
900,67)
871,041 1,134,745 1,037.958 1.020.709
991,297 1,257.678
(3,775 to 3,951 m.).,
990,848
682.7 L8
916,939 1,259 94 5 1,538,491 1,729 81211,508.703 1.67.8,30: 1,614.670
(4,104 to 4,383 in.)., 1,435,000 1,377.000 1,581,000 1,518,000 1,629,000 1,020,000 1,465,000 1,545,009 1,950,000
1882*
1861
..
Approximate figures.
1
«H 0‘I'« 1.4.7». 1 ■?<* 1
t November estimated,
O T>
9. 110.917
•>
048 5’6
0
ornO
9 0*1
600
*>
»1
1,335.870 17,153,161
1.905,222 20,508,112-
2,225,179 <:4.U04,1O1
179,101
218,009
1.936,539
2;074,;*-8
2,700,762
090.771
553,014
543,723
5,755,076
072,38)
0-10,812
7 ,Ut;7,7iO-
601,101
*748,15,
1,327,679
1.837,860
1.816,133
-
7,087.233
1.43S.107 14.779,715
1,552,018 20,454,494
l,9u5,4l’0 21,170,455.
92,975
130.891
88,477
128,597
12S.081
150,-57
169,579
137,473
151,671
162,008
1,290,740
1,100,245
1,000,957 io,omi»
1,493,621
1,59 ,053
1.172,038
1,397.309 13,08641 i*
1.569.303
1,851,209 17,025,401
2,251,030 2,072,001
889,623 1,107,042 1,128,891 1,433,385 1,393,087 1.314,231 1,326,057 1,716,409 1,890,07*3
(2,293 to 2,764 m.)., 1,154.632 1,131,683 1,861,725 1,294,573 1,875,608 1,071.177 1,699.680 1,767,939 2,020.245 2,105,217
(2,778 to 3 018m ).. 1,240.667
933,205 1.173.796 1,474,612 1,879,0
2.3'>6.440 1.083.041 2.315,161 2 292,676 2.341.007
a
(R. 100 t o H.404 mV.
176,204
203,502
1,530,833 1,505,262 1,437,164 1,625,006 2,086,858 2,18G,400 2,270,414
Chicago & Northwestern—
(2,154 to 2,293 m.).. i;008,321
1
ia3,326
211,820
23 5.396
..
Chicago
147,7a5
»
rt'V
,» t'.
1,55S,47(
1,855,02.
2,019.03
# >
n
0 *>^
80,025
873,450.'
1,299.001
l,639,C(ft*
1,325,895 16,098.37$
1.477.902 59,416,L0i>
1.855,470 21,810,207
0881
1881
21
199027887888111
MONTHLY
00119287878111
307,498
.
315,100
405,779
160,883
164,883
193,925
433.212
514.767
295,450
584,230
373,1S2
408 49)
614,298
537,462
495,797
24.121
82,880
21,380
28.184
35,807
111,312
129,040
195,556
222.769
208,308
236,339
412,987
535,053
559,917
20,665
25,609
18,146
27,733
10,471
26,939
30.225
24.601
32.012
85,375
25,617
24,790
162.967
154.154
124,284
113.810
175,187
187,023
154,417
133,900
231,140
77,520
98,427
102,129
130.740
171.446
88.725
115.969
162,540
188,569
175,118
176,356
162,476
190,812
150,481
172,950
157.999
(1,257 to 1,275 m.
(1,275 to 1.321 m.
(1,321m.
....(1,321m.).
580,192
466,921
532,161
303,518
812,423
386,210
613.806
524.499
013.008
746,744
697^214
680,22'
185,050
195,824
165,320
175,755
192,085
206,235
101,818
147,326
140,214
179.396
190.740
147,526
09,810
224,312
201,899
184,609
141,533
238,081
2)0,241
254,569
170,810
233,448
215.102
239,732
535.732
557.789
107,560
492,591
595312
681381
203,677
200.064
205,934
182,554
199,846
186,183
199,125
200,072
272,114
278,814
247,932
273,100
1721470
210.127
115,505
229,944
211,932
187,398
240.459
229,145
122,443 178,949 228,800
98,295
88,648
85,681
96,206 113,254 147,586 191,921 275,330
95,070
170,039 *172.004 *100,062 *253.499 *277,295 *808,823
235,830 237,294 190,856 268,285 350,835 411,407
49,494
105,178
129,066
58,789
88,485
08,401
74,130
94,926
92,580
79.362
106,398
87,030
102,605
105,565
127,996
112,071
94,484
181,169
159,543
(385 m.)
......(380 m.)
122,280
80,540
110,318
421,579
612,593
816360
964,527
960,315
1,068,834
21,170
,
430,638
575,035
805,124
19,865
33,251
25.271
450,470
074,455
..
,
,,
Ac West.—
(162 to 205 m.
(205 to 250 m.
24.833
Missouri Kansas Ac Texas(880 to 1,100
1882 ..'
(1,100 to 1,290
Missouri Pacific—
1881
(700 to 795
1882
(795 to 97(3
Mobile Ac Obio—
9i7.n59
187,290
433,343
393,445
472,048
444,195
395,413
469,043
513,982
550,120
537,561
589.470
541,142
560,007
159,670
Nashville Chatt. Ac St. Louis-
157,278
205,634
)..
178,143
156,994
.
Erie Ac
63,938
,
109,853
124,280
152,190
133,098
218,268
1,775,861
.253.^54 1,953^694
*806,859 *2,792,518
427.758
635,059
83,414
393,745
618,701
562,184
687,703
533,956
694,169
659,570
908,738
025,133
633,839
550.569
801,416
860,525
781,258
161,258
207,084
309,306
264,714
256,924
251,368
262,986
*295,110
68,093
73,085
83,012
484,570
514,165
025,423
549.332
482,334
568,507
734,008
91,609
110,491
121,855
180,517
131,021
106,147
140,593
185.548
100.709
184,247
210,262
148,107
141,957
134,378
130,184
135,174
137,475
157,874
267,433
142,182
169,320
157,363
107,473
178,266
168,304
164,431
154,549
133,590
151,594
150,430
135,550
110,074
100,991
105,047
144,155
139,524
158,839
168,317
179.979
169,000
109,958
172,121
180,319
1,147,173 1.207.391 1.356.780 1,872,755 1.350,574 1,230,419 1,273,532 1,450,223 1,492,495 1,713,697
1,786,417 1,899 910
1,296,381 1.252.218 1.644.958 1,643,151 1,592,544 1,661.812 1,580,976 1,606,873
1,443,437 1.425,765 1,847,201 1,709,057 1,770,891 1,794,982 1,787,081 1,772,895 1,734,200
1879
768,475 8,586,997
815,948
117,593
101,005
873,182 2,234,464
8,804,814
06,682
129,249
145,803
207,710
666,066
36,906
140,091
16:i,550
128,506
155,466
183,525
154,155
2,257,231
41,255
03.996
37,995
40.125
73,897
80,001
38,642
119,494
149,497
160,457
*303,006
371,879
194.336
04,654
78,518
84,067
59,03!
230,910
158,034
191,154
190,866
159,961
783.120
253,283 1,997,805
279,635 2,501,891
48 734
22,782
168.302
•
*205,190
117,026 1.148,028
1,596,945
1,875,147
151,112
*168,821
29.797
21,308
34,211
52,005
102,740
170,658
204,094
210,707
158,590
153,959
527,214
609,578
931,911 1,000,326
051,666 1,002,050
607,998
535,688
480,334
250,110
224,346
..
127,812
167,164
160,715
406,606
455,904
48.069
337,564
394,672
194,486
..
124.459
105,866
24,940
35,902
52,202
75,512
23,742
28,014
23,166
30,346
48,*48
67,523
31,3^2
552.675
170,026
118,593
113.898
681,811 0,007,880
949,185 9,491344
1,153,779 11,344,301
388.681
..
.
302,525
302,967
343,173
401,538
697,033
419,246 443,749
953,086
772,537 827,089
1,065,223
817,135 876,192
958,130 1,215,490 1,063,705 1,043,912 1,114,513 1,215,932 *1,195,000
330,510
400,165
B
....
298,6811
304,237
324,725
102,503 1,184,158
107,904 1,876,858
118,352
425,750 504,229
970,230
655,014
828,720 1,227,88=)
390,083
563,883
850,802
953,603
37,772
30,755
75,268
65.953
86,695
85,286
99,742
108,370
133,297
39,078
65,293
#
,
174,245
182,087
152,059
181,330
486,091 5,424,527
316,626 2,127.487
287,873 2,278,628
258,812 2,403320
186,653 1.800377
175,996 2,049,447
178,127 2,075,257
1,515,835 1,398,245 16,509,119
1,797,838 1,726,788 19,489366
yA.wi/ tu -t»yuv
New York Ac New
England—
(284 to 316 m. )..
..
Ohio-
(558
183,845
179,689
216,913
261,044
(428
-
294,713
384,982
398,268
404,524
341,824
496,332
330,812
450,335
360,042
415,364
433,520
475.204
500,748
477,776
508,825
408.479
452,092
404,114
432,877
430,793
402.523
401,818
475,043
453,128
4,888.700
5306367
481,3.8 5,494,112
480,438
440,099
109,894
156,870
m.
121,451
101,954
132,802
118,113
143,099
446,907
493,893
177,342
209,446
200,308
235,910
203,329 1,749,016
181,746 2,064,194
*196,789 2358,879
102,247
133,764
138,224
145,585
156.889
173.374
134,955
179,947
196,123
221.438
246,530
179,972
209.040
228,996
185,322
174,843
191,535
222,160
232,774
272,318
*246,468
828,869
386,130
487,272
435,129
317,568
829.788
406,588
315,307
419,198
487.287
482,762
324,423
450,298
310,716
453,923
498,008
067,488
420.837
464.093
413,534
512,917
414,599 4,107,940
494,310 5,050385
429.565
592,435
440.664
650,225
377,316
459,054
487,160
526.685
115,656
204,195
217,013
812,705
198,744
253,105
358.456
412.024
270.801
339,217
506,032
210,635
247.020
893,252
211.193
228,777
434.085
295,275
186,074
210.2 i0
670,724
300.822
475,011
115,272 8,005,029
220,993 2,630,084
391,286 4070,224
451,023
010,2£l
704,017
604,007
727,215
772,838
829,831
*701,324
2,543,425 2.538.039 2.603,068 2,630,022 2,708,095 2390,810 2,782,906 2,982,718 3,336,528 3,518.144
3,083,551 2,944,576 3,278,186 3,488,366 3,417,910 3.221,476 3,449,644 3,723,355 3,047,543 3,882.714
3.189,215 3.095,614 3,*44,304 3,700,372 3,856,897 3.807,437 3.780,418 3,809,978 3,735,006 3,072.971
3,131,997
153,633
m. >..
168,572
149,659
174,769
(322
m, )..
265,002
273,007
330,860
834,166
(322
(322
m.
m. )..
386,156
407,868
882.057
452,906
430,194
)..
(647 to 722 m.,
)..
(722 m.)
(722 to 972 m.
(972 to 1,419 m. )..
37,014
44,656
81,390
116,508
77,250
7S.803
*45,369
268,935
Pennsylvania—
(All lines east of Pittsburg & Erie >(+1,710 to 1,806 m. )..
(+1,806 to 1,820 m.)
(+1,844 to 1387 m. 1..
(+1,887 to 1,984 m. )..
Philadelphia Ac Reading—
)..
473,361
130,979
(428
(322 m.
2.890,808
240,064 2309342
131,407
149,603
164,917
Northern Pacific-
198,106
447,279
470.309
475,743
175,420
195,650
Northern Central-
210,856
240,764
*270,183
368.456
317,143
346,644
504,470
412,871
478.251
298,647
412,865
m. )..
..
1882
235,642 215,491
299,573
261,199
383,347 *310,145
301.272
217,185
289,722
189,749
213,840
149,908
173,014
217,261
)—
1879
249,885
280,524
340,490
219,891
231,518
285,392
183,700
212,019
265,222
431,34b
409,058
18824
205,050
240,820
298,441
‘
164,231
(310 to 394 m.!
(394 m. )..
New York Penn. Ac
1880
282,41)3
290,240
317,130
254,312
279,977
643,417 6300,900
30,980
3'-,+57
82,001
244,813
254,597
122.874
152,691
Lake Erie Ac Western—
(308 to 385 m.)
1879
31,595
220,000
Total.
200,451
256,998
154,401
125,601
••••
31,203
228,077
269,044
134,071
191,317
..
••*•••••*••
33.824
40,061
737,218
*752,144
165,444
206.735
Milwaukee Lake S.
83.564
47.539
512,965
631,343
216,061
(2,0*8 m.
26.925
51,450
28,242
T
580,578 573,250 601,977 736,066 807,859
575,461
681.736
724,095
732,755 806.837 880,211
665,120
868.107
828,847 815,238
662,493 073,259 303.887 720,004
640,014 *874,749 *e63,746 *752,251 *813,600 *828,238 *865,325
137,038
166,966
211.899
176;079
JLouisville Ac Nashville—
(973 to 1,107 m.)
1879
(1,107 to 1,840 m.
1880..
(1,840 to 2,074 m.
849,196 3,478,067
620,642
606.193
574,040 7 595,800 1 630,598
193,125
207,147
195.607
*249,252
137,047
International Ac Gt. Northern(519 to 529 m.)
(529 to 571 m.:
376,897
Dec.
$
239,735
242,214
231,918
238,563
(292 m.)
(292 m.)
(292 m.)
(292 m.).
..
23,507
251,013
Nov.
*160,450
158,215
195,813
,
548,284
t
107,850 123,570
88,561
70,410
73,996
146,032
158,752
180,488
113,488
121,370
*157,364 *155,255 *186,< 69
160,098 *137,040
*166,059 *lbl ,343 *199,064
160,240 *147,461
119,721
163,903
18*1
1882
883,202
126,022
131,528
168,004
(544 l
(544 to 684 mj.
408,562
566,819
406,583
147.013
1881*
1882*
517,595
473,633
665,686
394,555
400,133
118i024
Indiana Bloom. Ac Western-
546,071
812,173 3il»,085
432,015 4.021,901
331,480
77,411
..
842.804
392.921
363,) 09
173,791
..
$
342,052
379,029
406,420
109. G92
'Hannibal & St. Joseph—
Oct.
231.095
182.444
..
Sept.
Z
218,003
4' 4,562
317.681
-
Aug.
Z
232,146
350,) i 5
18,779
24,968
32,825
(293
(293 to 318
(318 m.).
(318 to 345 m.)
1880*
July.
Z
800,833
373,870
482,997
491,914
Flint Ac Pere Marqnette—
100«.
201,211
350,558
Jane.
124,759
••
New York Lake
*
259,208
May.
[Vou XXXV.
RAILROADS-(Conelnded).
307.470
(87 m.)
(87 m.)
1882..
(87 to 110 m.)
East Tenn. Ya.& Ga.1880
(508 to 9C0 m.§)
012781
$
259,783
251,649
193,827
..
Illinois Central-
March. April.
257,785
(682 to 946 m.)
(946 to 985 m.)
(1,003 to 1,085 m.)
Denver Ac Rio Grande(337 to 551 m.)
(551 to 1,002 m.)
(1.006 to 1,160 m.).
Des Moines Ac Fort Dodge—
1880
18M
1882*
1879*
Feb.
*
173.078
158,595
$
Jk Omaha-
Chic. St. Paul Miun.
EARNINGS OF PRINCIPAL
Jan.
810978 11
EARNINGS.
RAILROAD
XIV
334,494
413,551
415.325
108,975
119,858
102,984
373.141
174,438
171,793
482,667
440.811
509,683
192,521
3,574,013
3,840,216
476,622 5,443,090
8,453,925 34,620377
3,517,828 41.260,068
3.781,750 44,124,178
3,373,321 3.806,750 3,912,293 3,855,850 4,108,877 4,093,756 4,149,150 4,671,179 4.417,002 4,660,054
4,373,825
1.3J6.08S 1,085,162 1,4o9,3s9 1.496.330 1.457.881 1.898,536 1,282,835 1,531.813 2,089,256 1,746,299
1,319,13! 1,336,428 1,000,588 1,484,864 1,038.302 1,707,295 1.835,725 2,000.986 1.945,874 1,989,948
877,865 1,041,142 1,142,884 1,332,547 1,343,014 1,303,522 1,402,280 1,874,013 1,542,911
1,531,204
2,184,226
2,015,530
1,442,587 15,351,184
1.354,031 18,431,847
1,860.889 20,770,101
116,682
143,881
131,697
140,562
100,963
110,099
105,506
183,030
110.41C 1,040,548
101,950 1,417,608
63,780
52.460
72.074
957,215
1,603,075 1,290,421 1,010,089 1,709,712 1,703,469 1,714,7.1C 2,026,459 1,975,993 2,019,017 2,229,513
St. L. Alt. &T. H. Main Line(195 e
(195
'
•
•
St. Louis Iron Mt. Ac Southern(686 m.,>..
(686 m.)1..
(680 to 718 m. i.
1882*.....
(718 to 816 m, )..
St. Louis Ac San Francisco—
(327 to 492 m. )..
1882*
(492 to 597
(597 to 661
(601
m.
m,
m,
fit. Paul Minn. Ac Manitoba.—
(563 to 656 m.)
(630 to 855 m.;
(855 m.)
(912 to 1,020 m.)
Scioto Valley1880
(100 m.)
1881....
(100 to 182 m.)
1882*
...(132 m.)
Texas Ac Pacific1880
(444 to 700 m.)
1881*
(700 to 982 m.)
1882*
(982 to 1,396 m.)
70,262
132,572
108.434
133,337
105,124
91,507
44,204
54,750
64,186
50,092
44,887
55,470
41,331
47,028
64,110
339,161
490,195
353,147
..
..
48,445
56,218
71,148
66,950
334,029
555,98!
570,957
516,370
68,505
75,862
560,791
451,560
704,002
501,127
585,008
92,878
193,146
209,903
..
..
#
.,
t
t
.,
m
t
..
55,210
67,589
129.984
31,736
37,778
52,924
46,549
43,704
44,370
50,132
66,032
63,588
60,284
77,982
72,641
67,430
70,948
52,948
73,640
88,327
83,735
91,350
*72,410
818,196
408,241
302,641
281,920
863,454
332,166
432,655
403,310
505,809
591,075
474,302
533.512
644.386
724,713
708.325 688,365
708,325 *719.239
656,413 5392,009
666,951 6365,597
*709,498 7,387,069
529,700
515,510
675,981
724,160
809,394
656,832
032,052
*687,280
643,973
126,607
213,297
186,711
259.995
202.210
252,889
318,613
281,862
381,637
203,270
290,320
270,556
831,490
216,332 1,078,437
226,063 2.096,871
800,166 3,100328
336,805
221,082
328,194
3.10,100
360,993
188.940
232,579
291,202
345,057
605,708
979,057
220.095
300,075
508,530
28,751
43.802
540,302
349,053
479,075
581,977
519,120
81.402
137.645
159,482
418,358
261,797
320,962
581,004
239,991
333,014
425,685
570,890
20,351
28,005
20,458
22,916
28.816
33,094
39,869
176,164
89,019
167,604
274,086
,
88,418
173.607
263 589
134,880
280,873
278,653
241,228
268,657
281,899
882.642
190,349
243.407
405322
241,339
272,089
387,48a
414.954
858,903
856,417
853,296
801,759
225.054
274,188
485,736
832.770
22,048
21,875
33,959
32,384
31,733
30,172
20.407
26.909
53,280
52,040
49,390
40,867
43,343
89,094
41,983
39.073
45,352
59,361
54,357
53,650
206,570
345,790
303,666
470,613
541,901
195,711
828.003
367,215
220,073
381,331
439,918
174,177
141,033
153,060
295.066
28 L,783
285.305
255,644
359,543
409,228
384,712
759,451
978,629
892,025 948,773 953,468 1,066,742 1.189,478 1,178,950 1,501,203
967,033 1,148,600 1,330,944 1.120,615 1,542.124 1,497,248 1,406,029
1,229,005 1,134,768 1,313,775 1,378,194 1,204,864
1,140,682(1,418,837
419,203
1,772,544 1,682,382 1,595,630
729.078
755,924
170,667 2.540,578
297,640 8,100,329
528,263 4378,959
913,334
24,802
43,741
1,781,78?
1,372,300
817.003
440,80*
301,858 9,754.408
881,218 5:949,105
309,521
610,050
1
08031612.428.112
1394357(14,407,789
1,525,716
k Springfield^
material,®
Approximate figures.
+ And 66 miles ot canal.
* Including Ohio Division and Indianapolis Decntur
S Earnings first six months are based on 608 miles—remainder ofjyear on 900 miia*
^ aadT Not.lnoluding.cunstruction
*
566321
40,206
312.184
319,928
332,911
813,374 1,109,399
64,751
82,553
74,192
64,289
253,419
215,070
219.165
260,781
96,935 1,424308
87,163
52,082
50,240
180.239
776,790
865,339
114,229
136,700
118.844
269,507
242,800
245,785
105,648
150,727
125,592
149,457
121,847
274 959
281,176
310,785
92,363
138,153
91,351
85,679
195,948
178,599
244,651
21,930
20,70L
34,206
105.837
121,990
78,823
193,081
208,547
256,784
254,187
395,461
69,109
63,210
95,847
121,937
93,992
66,728
108,988
101,820
04,439
..
..
Wabash St. Louis Ac Pacific—
1882*
71,121
118,518
96,922
104,577
104,307
59,757
r
@FedFRASER